2024-04-18 14:22:07 ET
Summary
- ANTA Sports Products has risen by 6.7% YTD supported by a pickup in the Shanghai Composite. Its latest earnings release indicates the likelihood of a further upside.
- Accelerated revenue and earnings growth in 2023, with both the ANTA brand and FILA performing well, bodes well for this year too.
- But ongoing uncertainty about China's economy and weak consumer demand are cautionary. They could keep the stock from rising in the near term, though it's still a good long-term buy.
Along with a revival in China’s stock markets, the sportswear retailer ANTA Sports Products (ANPDY) (ANPDF) has also inched up year-to-date [YTD], with a 6.7% price increase. The company’s fundamentals further support an increase, with its full-year 2023 results released yesterday reflecting improved revenue growth and strong margins....
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ANTA Sports: Accelerated Performance In 2023