Anta Sports Products Ltd.

ANTA Sports Products is principally engaged in the manufacturing, trading and distribution of sporting goods, including footwear, apparel and accessories, in the People's Republic of China. As of Dec 31 2014, there were 7,662 ANTA Stores, 1,228 Kids sportswear series stores and 519 FILA stores in China, Hong Kong and Macao.
  • TickerAS7
  • ISINKYG040111059
  • SectorPersonal Goods
  • CountryGermany
UOB
Robin Yuen

Consumer: Bi-weekly (27 May-11 June) update.

Consumer names have been heating up on positive newsflow arising from May monthly updates and from the lead-up to the 6-18 e-commerce festival. On the ground, “revenge spending” is gaining more traction as platforms, brands, and governments trade profits (ie sacrificing margins) for consumer spending (ie boost top-line). The probability of travel restrictions being lifted is increasing as health authorities discuss a health code system within the Greater Bay Area.

UOB
Robin Yuen

Sportswear: Faster-than-expected recovery in May; upgrade to OVERWEIGHT.

Sportswear brands reported positive May sales growth, helped by store re-openings, traffic resumption, consumption vouchers and product discounts. Liquidation of old inventory looks orderly and has not impacted new collections, offsetting our earlier fears. We expect more positive news flow in 2Q20, with the market reacting constructively. Upgrade to OVERWEIGHT on the positive momentum and the fasterthan- expected recovery materialising in 2Q20.

UOB
Greater China Research Team

Strategy - Alpha Picks: Greater China June Conviction Calls

Despite the market rally in the first 20 days of the month, May 20 still saw a sharp decline amid rising Sino-US tensions. We expect equity markets to remain volatile in June; hence, we prefer low-beta and stick to the beneficiaries of policy support, durable themes and names with strong balance sheets. Our key picks are Ausnutria Dairy, CEG, CIFI, Kingsoft and ZTE.

Valens Research

UAFRS vs As Reported Weekly Highlights - Asia - 2020 05 29

This week, Valens identified distortions and the corresponding adjustments to correct for those distortions for 2020:HKG, 2685:JPN, and 538835:IND.

UOB
Ivy Xu Da ...
  • Robin Yuen

Consumer - Bi-weekly (9-26 May)

H-share markets turned sour last week (-5.6% last Friday) as China announced a national security law on Hong Kong. Within discretionary, high-beta names (eg Macau gaming) and Hong Kong retailers took a major hit. We see buying opportunities for unaffected consumer names, ie those with primarily domestic demand and supply chains. We expect sentiment to improve as more Covid-19 recovery news flows through in the next month.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

As support levels continue to hold for the MSCI ACWI and S&P 500, our neutral but constructive outlook remains. Additionally, we reiterate our expectation for more consolidation and volatility. In today's report we highlight actionable stocks within countries that are displaying bullish price and relative strength trends. • Asia/Pacific. In Japan, the TOPIX continues to exhibit leadership characteristics. Stay overweight. Broadly speaking, global Consumer Staples stocks are lagging, but Japan is the exception. Hong Kong's Hang Seng Index also remains on bullish footing... see pages 2 and 5-11...

Anta Sports Products: 1 director sold

A director at Anta Sports Products sold 108,045 shares at 64.444HKD and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names o...

UOB
Robin Yuen

Consumer: Bi-weekly (27 May-11 June) update.

Consumer names have been heating up on positive newsflow arising from May monthly updates and from the lead-up to the 6-18 e-commerce festival. On the ground, “revenge spending” is gaining more traction as platforms, brands, and governments trade profits (ie sacrificing margins) for consumer spending (ie boost top-line). The probability of travel restrictions being lifted is increasing as health authorities discuss a health code system within the Greater Bay Area.

UOB
Robin Yuen

Sportswear: Faster-than-expected recovery in May; upgrade to OVERWEIGHT.

Sportswear brands reported positive May sales growth, helped by store re-openings, traffic resumption, consumption vouchers and product discounts. Liquidation of old inventory looks orderly and has not impacted new collections, offsetting our earlier fears. We expect more positive news flow in 2Q20, with the market reacting constructively. Upgrade to OVERWEIGHT on the positive momentum and the fasterthan- expected recovery materialising in 2Q20.

UOB
Greater China Research Team

Strategy - Alpha Picks: Greater China June Conviction Calls

Despite the market rally in the first 20 days of the month, May 20 still saw a sharp decline amid rising Sino-US tensions. We expect equity markets to remain volatile in June; hence, we prefer low-beta and stick to the beneficiaries of policy support, durable themes and names with strong balance sheets. Our key picks are Ausnutria Dairy, CEG, CIFI, Kingsoft and ZTE.

Valens Research

UAFRS vs As Reported Weekly Highlights - Asia - 2020 05 29

This week, Valens identified distortions and the corresponding adjustments to correct for those distortions for 2020:HKG, 2685:JPN, and 538835:IND.

UOB
Ivy Xu Da ...
  • Robin Yuen

Consumer - Bi-weekly (9-26 May)

H-share markets turned sour last week (-5.6% last Friday) as China announced a national security law on Hong Kong. Within discretionary, high-beta names (eg Macau gaming) and Hong Kong retailers took a major hit. We see buying opportunities for unaffected consumer names, ie those with primarily domestic demand and supply chains. We expect sentiment to improve as more Covid-19 recovery news flows through in the next month.

UOB
Joyce Chan Pui Lai ...
  • Katrina Chen Chucan
  • Zhifeng Shen

Greater China Daily: Thursday, September 19, 2019

KEY HIGHLIGHTS Sector Wind Power Recovery in WTG prices and low wind power curtailment continue. TRADERS’ CORNER Anta Sports (2020 HK): Trading Buy Range Meituan-W (3690 HK): Trading Sell Range

UOB
Carol Dou Xiao Qin ...
  • Eric Wang Zhen
  • Jayson Kong
  • Johnny Yum Chung Man
  • Joyce Chan Pui Lai
  • Julia Cheung Pui Man
  • Katrina Chen Chucan
  • Ken Lee
  • Lee Yuk Kei
  • Michael Cheung Ho Bun
  • Robin Yuen
  • Zhifeng Shen

Greater China Daily: Tuesday, August 27, 2019

KEY HIGHLIGHTS CHINA Results Anta Sports (2020 HK /BUY/HK$61.25/Target: HK$68.00) 1H19: Results beat profit alert. China Merchants Bank (3968 HK/BUY/HK$35.90/Target: HK$43.03) 1H19: Profit growth in line; asset quality beats expectations. Great Wall Motor (2333 HK/SELL/HK$4.93/Target: HK$2.00) 2Q19: Core profit slumps 59% yoy, in line; sustained earnings headwind from price cuts. Slash target price to HK$2.00. Goldwind Science & Technology (2208 HK/BUY/HK$8.44/Target: HK$9.65) 1H19: Strong WTG sales and profit margin recovery ahead. Upgrade to BUY. PICC Property and Casualty (2328 HK/B...

UOB
Joyce Chan Pui Lai ...
  • Nick Liu Sunliang
  • Robin Yuen
  • Shaun Tan

Greater China Daily: Friday, July 12, 2019

KEY HIGHLIGHTS CHINA Sector Property Embracing megacity clusters. Update Anta Sports (2020 HK/BUY/HK$51.30 /Target: HK$60.00) 2Q19 operational data in line while management rebuts short-seller allegations. TRADERS’ CORNER China Overseas Grand Oceans (81 HK): Trading Buy Range Greentown Service (2869 HK): Trading Buy Range

UOB
Nick Liu Sunliang ...
  • Robin Yuen
  • Zhifeng Shen

Greater China Daily: Tuesday, July 9, 2019

KEY HIGHLIGHTS CHINA Initiate Coverage Wind Power Benefits from wind power installation rush. Sector Property Weekly: Trust financing will face tighter policies. Update Anta Sports (2020 HK/BUY/HK$51.25/Target: HK$60.00) Retelling an open secret.

UOB
Carol Dou Xiao Qin ...
  • Joyce Chan Pui Lai
  • Michael Cheung Ho Bun
  • Robin Yuen

Greater China Daily: Friday, May, 31, 2019

KEY HIGHLIGHTS CHINA Sector Healthcare Challenges and opportunities in 2H19. Update Anta Sports (2020 HK/BUY/HK$46.95/Target: HK$60.00) Short seller rehashes old arguments. TRADERS’ CORNER MicroPort (853 HK): Trading Sell Range Shenzhou Int’l (2313 HK): Trading Sell Range

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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