JP Morgan: Maintains "overweight" rating on ANTA SPORTS (02020) with a target price of HK$141.

JPMorgan Chase released a research report stating that ANTA SPORTS (02020) performance in the fourth quarter of 2025 met expectations, with FILA and other brands maintaining growth momentum. They maintained a "buy" rating on ANTA with a target price of 141 Hong Kong dollars. The bank pointed out that the core ANTA brand's performance since the beginning of January in the 2026 fiscal year has met expectations. They believe that the management's initial outlook on retail sales is practical: the core ANTA brand is expected to achieve positive growth, the FILA brand will continue the trend from 2025, and other brands are expected to see normalized growth. The bank maintains its profit forecast for ANTA in 2025.