Bank of America: Raises Anta Sports (02020.HK) target price to HKD 110.7, reiterates 'Buy' rating.

On October 14th, Jin10 Data reports that Anta Sports (02020.HK) maintained good inventory and retail discounts in the third quarter, and sales during the October Golden Week holiday were better than expected by management, with both core brands seeing double-digit rises. The bank reiterated its “buy” rating on Anta because its profit rise is better than its peers and it has a unique and mature multi-brand retail operation capability. Due to recent industry revaluation and possible stronger rise prospects from stimulus measures, the bank raised its target price by 11% from HKD 100 to HKD 110.7.

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