Anta Shoe Sales Channels Have Bright Prospects For Development

The Hong Kong stock market performed well yesterday. After a slight increase of 12 points, the Hang Seng Index rose repeatedly in the Chinese stock market, closing to the highest daily close, closing at 22184 points, rising 362 points and closing 70 billion.

The Hang Seng Index has been stronger than the external market in recent days, and the turnover has been more favorable than before.

Technically, the next resistance is located near the 22700 point. I believe that with the Chinese stock market, the Hang Seng index is expected to challenge the 23000 level in July.

The big city entered the bear market's rebound period, among which the Olympic concept stocks rose strongly, Lining (2331) rose 6.5%, Anta (2020) increased 7.87%, and BeiJing Capital Airport (0694) rose 6.5%.

After all, it is less than a month away from the Olympic Games, and we believe that the related stocks will take turns in speculation. Investors may wish to pay more attention to it.

Anta sports is the second largest local sports brand in the mainland. It is second only to Lining. It is mainly engaged in the design, development, manufacture and marketing of sportswear, including Anta brand sports shoes and clothing.

Anta's products are still in the middle and low grade, but because the middle and low-grade market is not valued by international brands, Anta faces little competition and success grows at a high speed.

Gross profit margin will rise to 38% this year.

By the end of December last year, Anta's annual net profit increased by 2.65 times, after deducting nearly 120 million yuan of interest income from listed freezing funds, profits still increased by nearly two times.

Management said that the company had completed the first 3 quarters of 2008, and its business recorded an annual increase of 50%.

Strong performance, mainly by the company in recent years, vigorously expand sales channels, and enhance the average price of products.

By the end of December last year, the group had 39 distributors, of which nearly half had business relations with the group for more than two years.

In addition, the group now has about 4700 sales outlets in the mainland. When the company completed its listing, it increased to 07 sales points at the end of 07, after Lining's nearly 5700 figures in the same period.

The company plans to add about 600 retail stores to 5300 in total this year.

According to the product classification, the average selling price of footwear and clothing increased by 29% and 15% respectively, driving the gross profit margin of sub items to 33%. The management said that the company has received orders for the first 3 quarters of this year to maintain a strong growth of 50%, while gross margin is still on the rise, and the gross profit margin is expected to further increase to 38% this year.

Anta has sold its distribution business, which is believed to help improve operating costs and increase the company's cash level so as to enhance the company's ability to acquire brand acquisitions. With the increase in the national consumption capacity brought by China's economic growth, Anta's future prospects are worth looking forward to.

Anta's current price of 6.1 yuan, the previous sharp drop has been oversold, now from the oversold area began to rebound, the technology trend is better, MACD is now in the cargo signal, investors can buy at the current price, the target price of 7.1 yuan, fell through 5.5 yuan to stop corrosion.

Goldman Sachs sang the target of 7.88 yuan.

After ICBC (1398), China Merchants Bank (3968) and CITIC Bank (0998) issued a profit preview, the Construction Bank will send a profit preview on Thursday evening, 22 next day, with a net profit of about 34 billion 221 million yuan in the first half of this year, rising by 50% over the year.

Goldman Sachs published research report that we believe that the first half performance of CCB was mainly driven by stable and slightly improved net interest margin, strong non interest income growth and asset quality improvement.

The bank believes that because of its strong profitability and brand effect, CCB regards it as one of the first choice of many H-share banks, and keeps its H-share investment rating and target price unchanged at "buying" and 7.88 yuan, that is, 6.5 yuan from yesterday's closing market price, with an increase of 21.23%.