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Equity Bottom-Up

<p>In response to GMT Research’s accusation, Anta came out in the evening of June 14 calling the short-seller’s report “inaccurate and misleading.” Management’s response largely matches our view laid out in a previous note “<a href="https://www.smartkarma.com/reports/anta-shares-hit-by-short-seller-report-overreaction-presents-buying-opportunities" target="_blank">Anta Shares Hit by Short-Seller Report, Overreaction Presents Buying Opportunities</a>,” namely Anta’s profitability is on par with global peers’ China operations and the company does not pay royalties for sales of Fila products in China as it owns the trademark. With its shares…</p>

In response to GMT Research’s accusation, Anta came out in the evening of June 14 calling the short-seller’s report “inaccurate and misleading.” Management’s response largely matches our view laid out in a previous note “Anta Shares Hit by Short-Seller Report, Overreaction Presents Buying Opportunities,” namely Anta’s profitability is on par with global peers’ China operations and the company does not pay royalties for sales of Fila products in China as it owns the trademark. With its shares…

Anta Denies GMT’s Accusation with More Details on Fila China Operation

Anta Sports Products

Anta Denies GMT’s Accusation with More Details on Fila China Operation