Anta Sports Sees Limited Short-Term Earnings Impact from Puma
Dow Jones
2 hours ago
0045 GMT - Anta Sports investors may be underappreciating the positive potential impact of acquiring Puma China's retail and distribution business, says Citi analyst Xiaopo Wei in a note. Anta's retail expertise in China could allow the business to expand quickly, with potential for Anta to consolidate Puma China's likely profitable retail and distribution operations. In the short term, Puma's attributable loss is expected to reduce Anta's 2026 net profit by around 2%, but Citi expects minimal earnings impact in 2027 as Puma becomes slightly profitable. Citi maintains its buy rating with a target price of 108.80 Hong Kong dollars. Shares closed nearly flat at HK$71.35.
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