ANTA SPORTS PROD. ADR/25

ANTA Sports' strong performance is driven by its flagship Anta brand and the turnaround of Fila, showing resilience in China's consumption downgrade environment. The $290mn acquisition of Jack Wolfskin enhances ANTA's ex-China exposure and offers potential upselling opportunities in lower-tier Chinese cities. ANTA's value-for-money positioning and global expansion strategy, particularly into ASEAN and GCC, are key to its long-term growth amid a weak macro backdrop.» Mehr auf seekingalpha.com

Anta's operational update for 2024 shows strong performance, with high single-digit revenue growth and promising online sales, positioning it better than competitor Li Ning. Anta is well-positioned for China's consumption downgrade, focusing on value-for-money sportswear, and has significant global expansion potential, particularly in Southeast Asia and the US. Valuation is attractive at 15.1x 2025E P/E with 11% topline growth and 17% net profit growth, justifying a premium over Li Ning due to stronger growth prospects.» Mehr auf seekingalpha.com

I upgraded ANTA Sports stock to Buy due to strong Q4 2024 performance and increasing market share in China's sportswear sector. Impressive sales growth in Q4 2024, with ANTA brand up HSD and FILA brand turning around with MSD growth. Strong financials enable capital return and investment, including rapid share buybacks, potential M&A, and increased dividend payouts.» Mehr auf seekingalpha.com