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| HSCEI1 | 9,151.04 | -23.80 | 83.95B |
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2025-11-19 10:29:36 Amer Sports (AS.US), a subsidiary of ANTA SPORTS (02020.HK), delivered 3Q25 results that comprehensively beat market expectations, Citi Research issued a research report saying. Same-store sales growth in its technical apparel business accelerated to 27%, driving a 31% YoY increase in revenue. The broker believed that the impact of the firework incident in September involving Arc'teryx is less severe than anticipated. Based on 3Q25 results and sustained strong momentum in 4Q25, Amer's management raised its 2025 operating guidance. Citi Research believed that this could positively impact ANTA SPORTS and TOPSPORTS (06110.HK), and forecasted ANTA SPORTS' 2025 attributable revenue from associates may range between RMB1.39 billion and RMB1.45 billion, exceeding the broker's forecast of RMB1.285 billion, bring an approx. 1% upside to the full-year net profit projection. Therefore, the broker rated ANTA SPORTS at Buy, with a target price of $109.7. ~ AAStocks Financial News Website: www.aastocks.com | |