Glonghui, April 18 | Dahua Jixian released a report stating that Anta's sales performance in the first quarter was satisfactory and in line with management expectations. Sales for the second half of March were 20% higher than the group's internal target, although the year-on-year increase in retail sales was slightly lower than Anta's annual target, mainly due to the high base. Management reiterated its target for sales throughout the year and revealed that it will launch new products more aggressively in the coming quarters. The bank maintains Anta's “buy” rating and profit forecast. The target price is HK$109.6. The current price is equivalent to 16.3 times this year's price-earnings ratio forecast. It maintains Anta as the industry's first choice. It is optimistic that the company's high-quality growth remains unchanged, and that it has strong execution.
大行评级｜大华继显：维持安踏“买入”评级 为行业首选 目标价109.6港元
Big Bank Rating | Dahua Jixian: Maintaining Anta's “Buy” Rating as the industry's preferred target price of HK$109.6
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