安踏体育-（买入）：潜在收购彪马是明智之举

ANTA Sports Products 2020.HK 2020 HK EQUITY: RETAIL Potential Puma acquisition a good move We are positive on ANTA's potential purchase of Puma stake; reiterate Buy ANTA reportedly to have offered to buy 29% of Puma stake ANTA has offered to purchase 29% of Puma's stake (PUM GR, not rated), according to a Reuters report (9 Jan); ANTA, which made the offer a few weeks ago, has secured financing for the potential acquisition, but the situation had stalled, as per the same news report. We believe the potential ...