China International Capital Corporation: Anta Sports (02020.HK) retail sales in the second quarter meet expectations, raise target price to HK$106.

According to the WiseFinance app, CICC International released a research report stating that Anta Sports' (02020.HK) second quarter retail performance met expectations, with the growth of Anta brand slowing down from the high single digits in the first quarter mainly due to wholesale channel adjustments and changes in e-commerce channel management resulting in lower-than-expected sales during the "618" shopping festival. CICC International slightly raised its net profit forecast for Anta in the fiscal years 2025 and 2026 by 1% and 2% respectively, raising the target price from HK$104 to HK$106, and maintaining an "outperform market" rating.