Anta Shares Remain Attractive Ahead of Its Much-Anticipated Interim Result Release
As narrow-moat Anta sets to report their interim result on Aug. 14, we reaffirm our fair value estimate of HKD 55 on the company. We expect the company to report top-line growth north of 30%, with a bottom-line expansion of around 18% for first half of the year. Recall that the company announced strong first-quarter numbers (approximately 42% revenue growth year over year), which we attribute partly to unseasonably cold winter, but more importantly to heightened brand awareness. It is worthy of ...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.
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