Analyst Reiterates Buy on ANTA Sports with Unchanged $109 Price Target Amid Depressed Valuation and Improving Brand Momentum
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DBS analyst Alison Fok has reiterated a Buy rating on ANTA Sports with a price target of HK$109, citing the company's depressed valuation and improving brand momentum. The stock is trading at 13.5x FY26F earnings, reflecting concerns over the Puma stake and industry demand. ANTA's strong balance sheet reduces the need for dilutive equity placements. The planned acquisition of Puma is seen as a strategic move to enhance ANTA's global profile. The turnaround of FILA also presents growth potential, leading Fok to maintain confidence in ANTA's earnings growth as the market stabilizes.
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