Anta Sports (2020 HK) beats expectations with strong 2023 results, trading at a forward PE of 18x based on estimated 2024 earnings. Expected 15-20% CAGR in net profit from 2024-2026.
Boomeranged on Tue, 2 Apr 2024 10:12
Outlook intact post results briefing. Anta is a clean growth story that is attractively valued - should benefit from improved sentiment on China and rerate further.
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