ANTA SPORTS PROD. ADR/25

With a differentiated DTC-skewed model and diversified multi-brand portfolio, ANTA has consistently delivered robust FCFE generation, best-in-class margins, growth, and inventory turnover regardless of market cycles. It appears as an innocent victim of the tremendous China consumer selloff in the recent 3 years, when it is resiliently growing at mid-teens CAGR with a recent all-time-high net margin. ANTA looks very cheap compared to its peers and deserves a 58% upside, taking into account its top-notch competitive positioning and shareholder value generation capability. » Mehr auf seekingalpha.com

Shares of China's leading sportswear maker initially jumped after it announced IPO plans for its Finland-based foreign unit, but later gave back the gains. Revenue for Anta's Amer unit jumped by nearly 30% in the first three quarters of last year, but its net loss also grew. » Mehr auf seekingalpha.com

ANTA has outperformed its peers only in the Chinese market by emulating successful strategies and avoiding their pitfalls. Despite short-term inventory challenges due to the pandemic and DTC transformation, recovery signs are evident from ANTA's latest interim report. ANTA is the most likely Chinese sportswear company to capture a significant market share internationally but it does not have precedence of similar successful strategies to emulate from. » Mehr auf seekingalpha.com