Anta Sports' Earnings Likely Weighed by Warmer Winter Amid El Nino Effect
Dow Jones
Aug 24
0803 GMT - Anta Sports Products' earnings could be weighed by a warmer winter due to the effects of the El Nino weather phenomenon, DBS Group Research's Alison Fok and Mavis Hui say in a note. The potentially warmer winter could damp demand for outerwear. That leads the analysts to trim their 2026-2027 earnings forecasts by 1.4%-2.7%. DBS cuts its target price to 106.20 Hong Kong dollars from HK$109.00. However, the bank maintains a buy rating, noting that the Chinese sportswear company's shares trade at undemanding valuations, which suggest that key risks are largely priced in. Shares fall 2.2% to HK$72.50.
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