Nomura is optimistic about Anta's potential to acquire shares in Puma and reiterates a "Buy" rating

AASTOCKS
2026.01.12 02:41

Nomura published a research report stating that, according to a recent Reuters report, ANTA SPORTS (02020.HK) proposed to acquire a 29% stake in Puma. This offer was made a few weeks ago, and financing for the potential acquisition has been secured, but progress is currently stalled.

Nomura believes that since Puma has historically established a strong brand presence globally through sports leisure, football, and basketball, if ANTA can complete the potential acquisition of Puma shares at a reasonable valuation, it would be beneficial for ANTA. This is because ANTA is currently more focused on running and outdoor sectors, and the acquisition could complement the company's existing brand portfolio.

Nomura reiterated a "Buy" rating for ANTA SPORTS (02020.HK)

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