CICC Maintains Outperform Rating on ANTA Sports (02020), Target Price HK$110.91 for 2026-27

According to China International Capital Corporation (CICC), ANTA Sports (02020) maintained its outperform rating with a target price of HK$110.91 as of July 20, 2026, implying 50% upside. CICC kept its 2026-27 EPS forecasts unchanged at 4.98 and 5.37 yuan respectively, translating to 20x and 18x forward price-to-earnings multiples. In 2Q26, ANTA brand retail sales grew low single digits, FILA grew low single digits, while other brands saw 25-30% growth.
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