智通财经网·2025-08-29 07:28Core Viewpoint - Daiwa's report indicates that Anta Sports (02020) outperformed market expectations in the first half of the year, with revenue and net profit exceeding forecasts by 1.5% and 3.2% respectively [1] Financial Performance - Anta Sports' revenue and net profit for the first half of the year were higher than market expectations, with increases of 1.5% and 3.2% respectively [1] - The growth momentum of Descente and Kolon Sport was better than anticipated [1] Earnings Forecast - Daiwa raised its earnings per share forecast for Anta Sports for the years 2025 to 2027 by 3% to 4% [1] - The revision in earnings forecasts primarily reflects the updated profit guidance from Amer Sports [1] Investment Rating - Daiwa reiterated a "Buy" rating for Anta Sports, increasing the target price from HKD 112 to HKD 117 [1] Strategic Initiatives - The company continues to demonstrate its acquisition intentions, recently announcing a joint venture with South Korea's leading fashion platform MUSINSA to introduce the well-known retail brand into the Chinese market [1]