高盛：重申安踏体育确信“买入”评级 料盈利可见度提升

Core Viewpoint - Goldman Sachs reports that Anta Sports (02020) has exceeded expectations for mid-term core operating profit and net profit, with management adjusting the sales guidance for the Anta core brand to a mid-single-digit growth [1] Group 1: Financial Performance - Anta's mid-term performance reflects the successful execution of its multi-brand strategy, with a focus on investing in existing businesses and exploring acquisition targets to enhance its portfolio [1] - The company maintains a stable dividend payout ratio and share buyback plan, which is expected to improve sales and profit visibility [1] Group 2: Market Outlook - Goldman Sachs has raised the target price for Anta from HKD 117 to HKD 121, reaffirming a "Buy" rating, indicating confidence in the company's growth potential [1] - The market share is anticipated to continue growing sustainably, supported by the company's strategic initiatives [1]