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Lyon First Gave Anta Sports Buy Rating
CLSA issued a research report in October 22nd, saying it first gave Anta sports buy rating with a target price of HK $10.7, because Anta is the second largest local brand after Lining, and its net cash is 3 billion 600 million yuan. Therefore, it is believed that through mergers and acquisitions, the medium term profit will be increased. The report also pointed out that Anta took the middle route, and the retail price was 30% lower than that of Lining, which was more concentrated than that of shoes. The sales outlets were mainly in the second tier and three tier cities.
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