Citi Research: Gives ANTA SPORTS (02020) a "outperform" rating with a target price of 114 Hong Kong dollars.

Citi Research released a research report stating that it gives a "outperform" rating to ANTA SPORTS (02020), with a target price of HK$114, making it one of the bank's preferred mainland consumer stocks. The bank pointed out that the first quarter operational update of ANTA in 2025 is expected to support its stock price. The group's retail sales increased by more than 15% year-on-year, higher than expected, especially for Fila, with other brands' sales increasing by 65-70% year-on-year. ANTA's core brand performance is strong as expected, with high single-digit percentage growth compared to the same period last year. At the same time, ANTA announced a 290 million RMB acquisition of Jack Wolfskin, which is expected to be completed by the end of the second quarter or early in the third quarter.