Anta's Second-Half Results Ahead of Estimates, Cash Flows Normalized; Shares Remain Attractive
Best Idea Anta reported full-year 2018 results ahead of both Morningstar and the Street’s estimates. Operating cash flow comes in at 95% of net income, a significant improvement from the interim, helping ease concerns over the firm’s accounting practices. We keep much of our 2019 forecasts in place despite management’s tepid guidance, as the firm is known for setting conservative goals to manage expectations and surpassing them to the delight of investors. While Anta's share price has risen by m...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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