CICC International: Anta Sports (02020.HK) sees steady improvement in overall business in the first half of the year, target price of 110.2 Hong Kong dollars.

According to the China Fortune Finance and Economics APP, CICC released a research report stating that Anta Sports (02020.HK) is expected to improve its overall business in the second half of the year. CICC maintains that its revenue forecast for the next three years remains largely unchanged, with projected net profits of 13.41 billion to 16.54 billion RMB for the years 2025 to 2027. Based on a 20 times P/E ratio for 2026, CICC gives a target price of 110.2 Hong Kong dollars and maintains a "buy" rating.