02020 Should I Buy

The analyst rating for ANTA SPORTS is a "Buy" based on several factors outlined in the article. The key reasons for this rating include: 1. Acquisition Consideration: The actual consideration paid for the 29.06% stake in Puma was viewed as better than market expectations, indicating a positive outlook on the acquisition. 2. Long-term Potential: While BOCI anticipates that Puma's turnaround may take longer compared to other brands like Amer Sports or Fila, they still see potential for future profitability. 3. Future M&A Activity: The broker believes that ANTA SPORTS' global expansion may continue beyond this acquisition, suggesting a proactive growth strategy. 4. Limited Impact on Earnings Forecasts: BOCI expects the impact of the Puma acquisition on its adjusted earnings forecasts for 2026 and 2027 to be limited, which supports the stability of ANTA SPORTS' financial outlook. 5. Target Price: The broker has set a target price of $95.4, indicating confidence in the stock's future performance. Overall, these factors contribute to BOCI's decision to maintain a "Buy" rating for ANTA SPORTS.