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UOB Kay Hian Reaffirms Their Buy Rating on ANTA Sports Products (ANPDF)

Tipranks - Tipranks - Sat Mar 28, 7:44PM CDT

In a report released on March 26, from UOB Kay Hian maintained a Buy rating on ANTA Sports Products, with a price target of HK$99.70. The company’s shares closed last Wednesday at HK$75.50.

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Currently, the analyst consensus on ANTA Sports Products is a Strong Buy with an average price target of HK$106.35, implying a 40.86% upside from current levels. In a report released yesterday, TipRanks – Google also upgraded the stock to a Buy with a HK$85.00 price target.

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Based on ANTA Sports Products’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$40.98 billion and a net profit of HK$6.45 billion. In comparison, last year the company earned a revenue of HK$37.09 billion and had a net profit of HK$7.88 billion

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