Goldman Sachs: Reduz o preço-alvo da Anta em 0,9%, mantendo a classificação de "compra"

A Goldman Sachs report on January 9th showed a slight downward adjustment in the target price of Anta Sports (02020.HK) by 0.9%, from 111 Hong Kong dollars to 110 Hong Kong dollars, maintaining a “buy” investment rating. Goldman Sachs pointed out that due to the sales trend in the fourth quarter of 2024 and the liquidity of mainland consumers, the profit forecast for Anta from 2024 to 2026 was lowered by 1-2%, mainly reflecting the increase in profits of Anta/Fila brand and partially offset by the good performance of small brands. It is believed that by 2025, Anta’s profits will be supported by its multi-brand strategy and effective cost control. The data for the fourth quarter of Anta showed that both Anta and Fila brands recorded high single-digit sales growth, with Anta’s growth accelerating by quarter and Fila’s growth slowing down. As expected, Anta broadly met expectations, and Fila’s performance was a surprise.