Glonghui, April 19 | CMB International released a report saying that Anta Sports retail sales in the first quarter were within expectations. The factors supporting this year's growth were healthy growth trends since late March; encouraging new product lines; more diversification of products and store models; and gradual improvement in retail discounts. The bank maintains its “buy” rating and continues to regard Anta as the first choice for the sportswear industry. The current price is equivalent to 16 times the projected price-earnings ratio for this year. In terms of improving the trend, the valuation is not high, and the target price remains at HK$101.73. It expects sales to grow at a compound annual rate of 13% from 2023 to 2026 and a compound annual net profit growth rate of 17%. According to the report, Anta management reiterated the retail sales growth guideline of 10% to 15% this year. Although the growth is not a straight forward, it is believed that the outlook is positive.
大行评级｜招银国际：维持安踏体育“买入”评级 为运动服装行业首选
Bank Ratings | CMB International: Maintaining Anta Sports' “Buy” Rating as the Sportswear Industry's First Choice
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