HK-listed ANTA Sports jumps on strong growth in retail sales value

361 Degrees International

09/07/2021 04:12

** Shares of China's home grown sportswear maker ANTA Sports
Products Ltd  2020.HK  jump 7.7% to HK$186.90, the highest since
June 30 
    ** Stock on course for the best day since March 25; the
fourth biggest percentage gainer in the Hang Seng Composite
Index  .HSCI  and among the 30 most actively traded by turnover 
    ** Fujian-based company says retail sales value of ANTA
branded products for Q2 grew 35-40% as compared to the same
period in 2020, FILA branded products rose 30-35% and all other
branded products jumped 70-75%  urn:newsml:reuters.com:*:nFWN2OJ0ZY
    ** Says retail sales value of ANTA branded products for H1
grew 35-40% as compared to a year ago period, FILA branded
products surged 50-55%, and all other branded products soared
90-95% 
    ** CMB International maintains "buy" on the stock and lifts
TP to HK$212.74 from HK$198.84, saying it is impressed by ANTA's
fastest ever new 5-year target 
    ** As of last close, ANTA shares had surged 41.2% this year
    ** Smaller rivals Li Ning  2331.HK  climbs as much as 3.8%,
Xtep International  1368.HK  rises 4.3% to record high at
HK$16.32, and 361 Degrees  1361.HK  gains 2.4% 
    ** Both the Hang Seng Composite Index  .HSCI  and China
Enterprises Index  .HSCE  gain 0.3% and the benchmark index
 .HSI  rises 0.5%

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))