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<Research>UBS Chops ANTA SPORTS (02020.HK) TP to $117, Keeps Buy Rating
Recommend 2 Positive 8 Negative 2 |
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ANTA SPORTS (02020.HK)'s 4Q25 sales slightly missed expectations, with the retail sales of the ANTA brand recording a low single-digit decline, UBS published a research report saying. For the full year, ANTA brand retail sales showed a low single-digit growth, FILA brand recorded a mid-single-digit rise, and other brands experienced a 45-50% increase. ANTA SPORTS' 4Q25 performance was slightly below the broker's flattish forecast, but the full-year guidance was reached. FILA and other brands performed as expected. Therefore, UBS chopped its target price for ANTA SPORTS from $127 to $117, with rating kept at Buy. The broker raised its 2025 net profit forecast by 1% to reflect the increased contribution from the Amer business. Meanwhile, due to a decline in profit margins on brand investment, UBS reduced its 2026-2027 net profit forecasts by 3-4%. AASTOCKS Financial News Website: www.aastocks.com |
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