CLSA keeps Buy rating for Anta Sports stock at HKD 110 target

Published on 10/13/2026 at 04:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached CNY 43.51 billion, up 12.90 percent year over year. Anta Sports stock last stood at EUR 8.13 on October 12, 2026.

Key points in brief

CLSA maintained a Buy rating on Anta Sports with a HKD 110.00 price target on October 9, 2026.
Anta Sports completed its 29.06 percent PUMA acquisition for EUR 1.51 billion on October 7, 2026.
First-half 2026 revenue rose 12.90 percent to CNY 43.51 billion, while profit attributable to shareholders reached CNY 9.49 billion.
The last Lang & Schwarz price was EUR 8.13 on October 12, 2026 at 10:57 p.m. CEST.

Anta Sports, KYG040111059, Illustration mit AI erstellt.

CLSA maintained a Buy rating on Anta Sports stock with a HKD 110.00 price target in a report dated October 9, 2026, according to Markets Insider. The latest euro quote stood at EUR 8.13 at Lang & Schwarz on October 12, 2026 at 10:57 p.m. CEST.

Three dated catalysts

On August 26, 2026, ANTA Sports reported first-half 2026 revenue of CNY 43.51 billion, up 12.90 percent year over year, and profit attributable to equity shareholders of CNY 9.49 billion, according to ANTA Sports. The interim figures also showed a gross profit margin of 63.90 percent and an operating profit margin of 27.00 percent.

On October 7, 2026, Anta Sports completed the purchase of a 29.06 percent stake in PUMA for EUR 1.51 billion, becoming PUMA's largest shareholder, Retail Asia reported. The transaction gives Anta exposure to PUMA's global distribution network while leaving PUMA independently managed.

On October 9, 2026, CLSA's report kept the Buy rating and set the HKD 110.00 target. That target is 56.92 percent above the HKD 70.10 reference price cited in the report, a comparison that highlights the gap between the analyst view and the Hong Kong quotation.

What does the PUMA deal mean?

The acquisition is strategically material because Anta paid EUR 1.51 billion for a minority stake rather than taking control. FashionUnited reported that PUMA will continue operating independently and that about 43 million PUMA shares changed hands at EUR 35.00 each. For Anta, the investment pairs a 29.06 percent economic interest with a stated plan to contribute brand management and retail expertise.

The counter-factor is execution. PUMA's second-quarter 2026 revenue fell nearly 10 percent to EUR 1.70 billion and its adjusted loss before interest and taxes widened to EUR 41.90 million from EUR 24.50 million a year earlier, according to FashionUnited. Those figures make the integration and turnaround of PUMA central to the investment case, even as Anta's own first-half revenue grew 12.90 percent.

Next reporting date

A market calendar lists March 24, 2027, as the next earnings date for Anta Sports, according to Perpequities. The date is a calendar reference rather than company guidance.

Stock quote remains dated

Anta Sports was last at EUR 8.13 at Lang & Schwarz on October 12, 2026 at 10:57 p.m. CEST. The Hong Kong listing is 2020.HK on HKEX, where the stock was quoted at HKD 71.00 on October 13, 2026 at 2:37 a.m. UTC, equivalent to 10:37 a.m. Hong Kong time. The further course of trading is shown by the continuously updated real-time quote of Anta Sports stock.