Anta's Second Quarter Revenue Is Better Than Expected, And Its Share Price Has Risen By More Than 3.5%.

Anta's performance in the second quarter was better than expected, and its stock price rose by more than 3.5% after opening, followed by a 2.41% decline in the overall performance of the stock market.

Today, a number of investment banks in the industry reported that Anta (02020.HK) sold better than expected in the second quarter, Anta opened up nearly 3% in early trading, and the stock price rose more than 3.5%. However, the overall performance of the stock market is weak today, and the stock reversed immediately, with an amplitude of 6.74%. The current offer is HK $40.55, or 2.41%, with a provisional turnover of HK $453 million and the latest total market value of HK $108 billion 868 million.

Goldman Sachs released a report that Anta management's argument is beneficial to Anta and Fila brands. Even though the base of the second quarter of 2017 is relatively high, the performance of Anta and Fila brand has been better than expected since the beginning of the year. In view of the combination of more e-commerce and Fila sales, the gross profit margin should also be improved compared with the previous year. In addition, the interest rate of Anta in the first half of the year will be dragged down by more cost of Anta brand in the first half of 2017, but it can be partially offset by the active operating leverage of Fila. The bank said, overall, management is still aware of the trend of consumption, and the growth momentum of Anta and Fila should be sustainable. The bank believes that the long-term growth of the mainland sportswear industry has not been affected. Credit Suisse, Lyon and Furui also reported that the second quarter sales of Anta and Fila were better than expected.