ANTA Sports Products Ltd

02020: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HK$322.00	Bwxgf	Ltlsfpjv

Anta Earnings: Double-Digit Sales Growth Despite Macroeconomic Slowdown

Ivan Su

Oct 13, 2023

We maintain our fair value estimate for Anta following its report of in-line third-quarter sales. Management kept its 2023 guidance, which is comparable with our forecast. We continue to view Anta shares as undervalued, trading at a 35% discount to our fair value estimate of HKD 141.

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