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<Research> Citi: Amer Raises FY2026 Guidance, Positive for ANTA SPORTS (02020.HK)
Recommend 10 Positive 12 Negative 10 |
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Citi issued a report stating that Amer, the US-listed associate of ANTA SPORTS (02020.HK), has raised its FY2026 guidance after 1Q results beat expectations, providing a positive read-across for ANTA SPORTS and TOPSPORTS (06110.HK). Citi noted that Amers upward revision to its FY2026 guidance indicates that the outdoor segment will maintain strong growth momentum in 2Q2026. ANTA SPORTS has increased its exposure to the outdoor category through Descente, Kolon and its associate Amer. Meanwhile, TOPSPORTS has also raised the weighting of its outdoor segment via newly added brands Norrona and norda, as well as existing brands including The North Face and KAILAS. In addition, Amer recorded continued strong sales growth in Greater China in 1Q, rising 44% YoY, fully demonstrating the operational synergies with ANTA SPORTS. This also provides a positive operational blueprint for ANTA SPORTS following the completion of its acquisition of Pumas China business. (ha/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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