Multi-branded strategy drives quality growth

An ta Sports | 2020.HK Rating BUY Maintain Multi-branded strategy drives quality growth Target price HK$128.8 C Cuu rr rr ee nn t price HK$85.15 Upside: +51.3% Curren ◼ FY23 results above e xpectation: Company Update Anta announced FY23 results on 26th Mar with revenue and net profit arrived at 15 Apr 2024 RMB62.4bn and RMB10,236m, up 16.2%/34.9% YoY. The strong earnings growth was mainly driven by higher store productivity, disciplined retail discount and higher interest Hugo Suen income. And they declared ...