ANTA Sports: Mixed Read-Throughs From Peer’s Performance And Major Shopping Event (ANPDF) ...Middle East

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Robert Way Elevator Pitch I award a Hold rating to ANTA Sports Products Limited (OTCPK:ANPDY) (OTCPK:ANPDF) [2020:HK]. Previously, I wrote about ANTA Sports’ most recent financial and operating metrics in my April 2, 2024 update. My latest article focuses on the takeaways from Nike’s (NKE) results and guidance, and China’s 618 shopping festival. I continue to rate ANTA Sports as a Hold. On one hand, the overall sportswear market demand in China seems weak, considering Nike’s disappointing performance and outlook. On the other hand, price discounting has become less intense in the Chinese sportswear market and there are pockets of growth like the outdoors sub-segment. Investors should n

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