[ET Net News Agency, 15 April 2021] Goldman Sachs raised its target price for Anta
Sports (02020) to HK$158 from HK$145 and maintained its "buy" rating.
The research house said it continues to expect secular growth upside in the China
sportswear sector and expects Anta's newly acquired brands to benefit from the outdoor and
ski market in China in the long term.
Key risks are less-than-expected contribution from Amer Sports, weaker Fila growth,
lower retail sales growth of the core Anta brand and opex control. (RC)