[ET Net News Agency, 27 March 2024] HSBC Global Research raised the target price for
Anta Sports (02020) to HKD113.4 from HKD109.1 and maintained the "buy" rating.
The research house said Anta's multi-brand strategy will allow it to capture more growth
opportunities than the sportswear industry when the growth in the industry matures. Its
resilient growth supports returns to shareholders through earnings growth as well as cash
dividends. (RC)