ANTA Sports Products Ltd
02020: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$254.00 | Fmzszj | Ccfltzkb |
Anta Earnings: Strong Profitability but Low Dividend Payout Not Satisfactory
Narrow-moat Anta delivered strong first-half 2023 earnings, featuring revenue up 14% year over year and adjusted operating profit up more than 40%. While these numbers are ahead of Refinitiv consensus estimates, they are in line with our forecasts. Management maintained its 2023 guidance while acknowledging weaker sales in July and August.