Anta Sports 2020

Re: Anta Sports 2020

Postby winston » Wed Mar 22, 2017 10:02 am

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Feb 22, 2017

<Result Ann>ANTA SPORTS Annual Net Profit Up 16.9%; Final & Special Div Total HK42 Cents

ANTA SPORTS (02020.HK) announced its annual results for the year ended December 2016.

It reported net profit of RMB2.386 billion, up 16.9% yearly, with earnings per share of 95.36 fen.

A final dividend of HK34 cents was declared, in addition to a special dividend of HK8 cents, compared to HK30 cents and HK8 cents respectively in a year-ago period.

Source: AAStocks Financial News
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Re: Anta Sports 2020

Postby winston » Wed Mar 22, 2017 11:15 am

Anta Sports Slides On $486 Million Sale of New Shares

By Shuli Ren

China’s Anta Sports (2020.Hong Kong) has announced a sale of new shares at the wrong time.

Sentiment towards global sportswear companies was not good on Wednesday morning after he S&P 500 recorded its worst day in 2017 on Tuesday and sportswear giant leader Nike (NIKE) tumbled 3.7% in after-hours trading after its December quarter revenue came in lighter than expected.

Anta Sports said it was selling 175,000,000 new shares, thereby diluting existing shareholders by 7%, at 21.67 Hong Kong dollars each.

That’s an 8% discount to Tuesday’s close of HK$23.55. After fees, Anta Sports is raising about HK$3.79 billion in cash, or $486 million.

Anta said it would use the proceeds to “seek business opportunities such as acquisition of, and cooperation with, international sportswear brands.”

No one is in the mood for overseas acquisitions today – Anta Sports shares have tumbled 10.6% today.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... ares-sale/
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Re: Anta Sports 2020

Postby winston » Wed Feb 28, 2018 7:31 am

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China’s largest sportswear brand Anta posts 29pc profit growth on increased sales

Analysts expect the cash-rich company to sustain double-digit profit growth in 2018, with a potential acquisition

Revenue for the period rose 25.1 per cent to 16.69 billion yuan, from 13.35 billion yuan in 2016.

Anta has proposed a final dividend of 41 HK cents per share and a special dividend of 16 HK cents per share.

With more than 10 billion yuan in net cash, the analysts also expected Anta to make an acquisition or take on a joint venture.

Anta Sports, which listed in Hong Kong in 2007, has six major sportswear brands – Anta, Anta Kids, Fila, Fila Kids, Descente and NBA, and newly added kidswear brand Kingkow and a joint venture with South Korea’s outdoor sports activity brand Kolon Sport in 2017.

Anta Sports bets on China’s two-child policy with acquisition of clothing brand King Kow

While Anta, Anta Kids and NBA mainly target the mass market, the three other sportswear brands have been positioned as high-end sportswear products. The company operates 9,467 Anta stores in China and 1,086 stores under the Fila brand in the mainland, Hong Kong, Macau and Singapore, and 64 Descente stores in China.

Morgan Stanley raised its target price for Anta to HK$44.50 before the earnings results. T


Source: SCMP

http://www.scmp.com/business/china-busi ... 9pc-profit
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Re: Anta Sports 2020

Postby winston » Thu Jun 28, 2018 10:39 am

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ANTA SPORTS(2020)

Analysis:
In 2018Q1 ANTA's sales data was outstanding.

In specific, sales of ANTA brand products recorded yoy growth of 20%-25%; sales of non-ANTA brand (FILA+DESCENTE+NBA+Sprandi) increased by 80%-85% yoy.

Among which, FILA recorded a 70% increase (FILA Kids doubled) and DESCENTE achieved a sevenfold increase.

Strategy:
Buy-in Price: $41, Target Price: $55, Cut Loss Price: $34

Source: Phillips
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Re: Anta Sports 2020

Postby winston » Tue Jul 17, 2018 10:35 am

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Valuation

We increase target price to HKD47.3.

Anta maintains CAGR guidance for future three years of 15%~20% (mid-teens for Anta while above 30% for FILA).

We notice that A&H peers` expected PE is around 17x.

Considering Anta's excellent operation efficiency and multi-brand advantage, some premium should be added to its valuation.

We give target PE of 23.3x (roughly par to 2-y historical average minus 0.5x SD) to factor into recent intensifying market volatility (vs. previous target PE 26x).

We increase topline and expenses estimation thus derive 18E/19E EPS of RMB1.47/1.84, thus we give 2019 target price HKD47.3.

Risks include: Rising selling expenses and R&D costs; fierce competition in retail industry; operational inefficiency due to multiple brands.

Source: Phillips
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Re: Anta Sports 2020

Postby winston » Wed Aug 01, 2018 10:02 am

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ANTA SPORTS(2020)

Analysis:

18Q1 results beat expectation.

Anta biz realized +20%~25% YoY growth while non-Anta biz achieve +80%~85% growth, which is attributable to the fast development of FILA and Anta kids as well as relatively lower base in 17Q1.

Mgt commented that the current inventory level is healthy but flagged 2Q18 growth may be lower than 1Q18.

Mgt cautioned that online promotion events did not contribute much to sales.

We expect 2H18 online promotion activities will help more to boost sales. The company indicates that as up to FY22E, the percentage of e-commerce sales in topline is expected to reach 20%.

Anta maintains CAGR guidance for future three years of 15%~20% (mid-teens for Anta while above 30% for FILA).

Strategy:
Buy-in Price: $40.00, Target Price: $47.30, Cut Loss Price: $36.00

Source: Phillips
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Re: Anta Sports 2020

Postby winston » Tue Aug 14, 2018 1:31 pm

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<Result Ann>ANTA SPORTS (02020.HK) Interim Net Profit RMB1.945B, Up 34%; Div 50 Fen

ANTA SPORTS (02020.HK) announced interim result ended June 2018. The turnover rose 44.1% year on year to RMB10.553 billion.

The net profit amounted to RMB1.945 billion, up 34% year on year. EPS was 72.44 fen.

An interim dividend of 50 fen was declared, against 41 fen in the year-ago period.

The gross margin added 3.7 ppts yearly to a record high of 54.3%.

Source: AAStocks Financial News
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Re: Anta Sports 2020

Postby winston » Tue Aug 21, 2018 10:02 pm

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Anta Sports 安踏體育 (2020 HK)

Anta Sports has a strong and a variety of brand portfolio comprising self-developed ANTA and acquired international brands like Fila and Descente, supporting its revenue growth.

Based on its latest 1H18 results, retail sales for ANTA and Fila rose by 15-20% and 85-90% yoy respectively, helping the top line revenue and net profit to grow 44% and 34% yoy respectively.

We believe the concern of inventory day surge is not justified, given that the company has restructured its business focus from wholesale to retail and the strong growth in Fila.

With strong guidance from the management who expected the 1H18 strong results would continue in 2H18, we maintain BUY with a new target price of HK$49.00.

http://en.anta.com/

Source: UOBKH
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Re: Anta Sports 2020

Postby winston » Fri Oct 12, 2018 8:51 am

Anta Sports (2020 HK)
3Q18: Numbers Look Solid


3Q18 operating results remained solid, on track to hit our 2018 estimates, while management keeps guidance essentially unchanged.

However, investors have been directing their focus to Amer Sports and should the acquisition proceed, they would take it negatively if Anta cuts dividends to keep leverage in check.

Maintain BUY and target price of HK$40.00.

Source: UOBKH

https://research.uobkayhian.com/content ... 678eb21cd8
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Re: Anta Sports 2020

Postby winston » Fri Oct 19, 2018 6:26 pm

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ANTA Sports (2020:HK) is a designer, manufacturer and retailer of sportswear and owns the popular Fila brand in China.

Its 1H2018 results came in strong as sales grew 44 percent year-on-year (YoY) driven by high growth in its Fila stores.

Currently, Fila’s sales account for an approximate 30 percent of the group’s revenue.

The street is confident on ANTA’s shift from a wholesale-focused business to a retail-centric business and Fila’s 50 percent monthly same-store sales growth.

On its projection for the next half of the year, ANTA’s management expects the company to maintain its growth momentum of 44 percent.

Analysts from UOB Kay Hian Research reiterated their “Buy” call for ANTA Sports with a target price of HK$49.00. ANTA Sports is currently trading at HK$30.50.

Source: Shares Investors
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