ANTA Sports Products Ltd

02020: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HKD 281.00	Mtpgs	Mlwgsnmm

Anta Earnings: Management Maintains 2024 Guidance for Double-Digit Revenue Growth

Ivan Su

Mar 27, 2024

Narrow-moat Anta’s second half mildly exceeded our expectations, and management maintained its 2024 guidance, which falls roughly in line with our estimates. We fine-tune our near-term forecasts and maintain our HKD 141 per share fair value estimate. We continue to view Anta shares as undervalued.

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