0434 GMT - Anta Sports sales prospect this year remains uncertain, Nomura analysts say in a research note. The Chinese sportswear company's 4Q operating data are generally satisfactory and regained momentum after a lackluster performance in 3Q, they note. Anta is expected to take action to sustain it, such as more diversified shop formats, increased product offerings with enlarged price ranges, and overseas expansion, the analysts reckon. Nomura takes a conservative view on Anta's 2025 sales growth and expects its Anta and Fila brands to deliver high-single-digit and mid-single-digit growth, respectively. Nomura lowers the stock's target price to HK$104.10 from HK$115.00 but keeps a buy call. Shares are 5.3% higher at HK$79.25. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
January 08, 2025 23:34 ET (04:34 GMT)
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