Anta's Q1 Sales Growth In Line with Our Expectations; Shares Are Now Fairly Valued
Narrow-moat Anta’s reported first-quarter sales figures that were in line with our estimate on an annualized basis, and we maintain our HKD 55 per share fair value estimate for the firm. Anta's share price has reacted positively to the news, with shares of the company now trading in the three-star territory. We recommend investors wait for a wider margin of safety before investing in AntaDuring the first three months of 2019, Anta’s core brands, Anta Adults and Kids, recorded sales growth of ab...
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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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