＜Research＞Daiwa Cuts ANTA SPORTS (02020.HK) TP to $108; 2Q Proves Resilience

　　Although the retail sales value (RSV) of FILA, a brand under ANTA SPORTS (02020.HK) -1.750 (-2.453%) Short selling $102.38M; Ratio 24.062% , may not meet the expectations of Daiwa and the market, the companys management maintained its FY2024 RSV guidance of 10-15% YoY growth for both ANTA and FILA brands on expectation of a pick-up in 2H24.

　　In addition, Daiwa cut its core EPS forecast for FY2024 on ANTA by 4.5% to take into account FILA's lower revenue expectations and additional taxes on one-off gains. In light of the above factors, Daiwa lowered its target price for ANTA from $120 to $108, maintaining its Buy rating.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-08 16:25.)

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