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

Anta's Proposed Bid for Amer Makes Strategic Sense

Anta's Rise to No.3 Sportswear Brand in Tmall Demonstrates Its Moat; FVE Raised to HKD 30 Per Share

Another Strong Result for Anta; FVE Increased to HKD 43

Field Trip to Anta's Headquarters Indicates Anta Is on the Right Track; Raising FVE by 5%

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Equity Bottom-Up

<p>We are raising our fair value estimate for narrow-moat Anta to HKD 55 per share from HKD 43 as we believe very strong first-quarter numbers were not just a result of cold weather but have a more sustainable base, particularly from Fila. We also add more optimistic long-term margin assumptions as sales of higher-margin acquired brands products, namely Fila, Descente, Kingkow, and Kolon contribute increasingly to group revenue. We continue to believe Anta’s successful implementation of a…</p>

We are raising our fair value estimate for narrow-moat Anta to HKD 55 per share from HKD 43 as we believe very strong first-quarter numbers were not just a result of cold weather but have a more sustainable base, particularly from Fila. We also add more optimistic long-term margin assumptions as sales of higher-margin acquired brands products, namely Fila, Descente, Kingkow, and Kolon contribute increasingly to group revenue. We continue to believe Anta’s successful implementation of a…

Channel Check Suggests Heightened Brand Awareness, Anta's FVE Lift to HKD 55

Anta Sports Products

Channel Check Suggests Heightened Brand Awareness, Anta's FVE Lift to HKD 55