---
title: "Nomura Cuts ANTA SPORTS  TP to HKD89.9, 2Q26 Sales Momentum Outperforms Peers"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293176017.md"
description: "Nomura lowered ANTA SPORTS' target price to HKD89.9 from HKD125, citing a sector-wide valuation downgrade, while maintaining a Buy rating. The broker highlighted that ANTA's 2Q26 sales momentum outperformed peers, with core and FILA brands showing low-single-digit growth and other brands surging 25-30%. Despite slower Q2 compared to Q1, the company's multi-brand strategy demonstrated resilience. Nomura kept full-year forecasts unchanged and retains ANTA as its top sportswear pick due to long-term growth opportunities."
datetime: "2026-07-20T07:20:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293176017.md)
  - [en](https://longbridge.com/en/news/293176017.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293176017.md)
generator: "portal-rs"
---

# Nomura Cuts ANTA SPORTS  TP to HKD89.9, 2Q26 Sales Momentum Outperforms Peers

Nomura published a report stating that ANTA SPORTS (02020.HK) +2.300 (+3.102%) Short selling $101.10M; Ratio 23.119% demonstrated resilience amid the industry slowdown, with 2Q26 sales momentum outperforming peers, and reiterated its Buy rating. Sales of the core ANTA brand and FILA brand rose by low-single-digit YoY in 2Q26, while sales of other brands increased by 25-30% YoY. Although ANTA SPORTS, like its peers, saw slower sales momentum in 2Q26 compared with 1Q26, its sales performance still outperformed the sportswear sector, highlighting the resilience of its multi-brand strategy and solid operational capabilities.

The report noted that in 1H26, sales of ANTA core/FILA/other brands grew by mid-single-digit/mid-single-digit/35-40% YoY respectively, in line with full-year sales targets. The broker maintained its full-year 2026 revenue and earnings forecasts for ANTA SPORTS, but lowered its TP from HKD125 to HKD89.9 due to a sector-wide valuation downgrade in the sportswear sector. Nevertheless, ANTA SPORTS remains Nomura's top pick in the sportswear sector, supported by long-term structural growth opportunities and attractive valuation. (ha/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-20 12:25.)

### Related Stocks

- [02020.HK](https://longbridge.com/en/quote/02020.HK.md)
- [8604.JP](https://longbridge.com/en/quote/8604.JP.md)
- [NMR.US](https://longbridge.com/en/quote/NMR.US.md)
- [82020.HK](https://longbridge.com/en/quote/82020.HK.md)

## Related News & Research

- [ANTA Sports Declares Interim Dividend of HKD 1.51 Per Share for First Half 2026](https://longbridge.com/en/news/296988977.md)
- [Jefferies Maintains ANTA SPORTS  at Hold Rating; Cautious Stance Warranted Amid Multiple Risk Factors](https://longbridge.com/en/news/297130178.md)
- [ANTA adjusts conversion price on EUR 1.5 billion zero-coupon convertible bond after dividend declaration](https://longbridge.com/en/news/297024418.md)
- [Nomura Raises ANTA SPORTS  TP to HKD91.4, Resilient Earnings Beat Expectations](https://longbridge.com/en/news/297120713.md)
- [BOCI Raises ANTA SPORTS  TP to HKD99.5, Says 1H26 Results Outperform Industry](https://longbridge.com/en/news/297151935.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**