Macquarie has issued a research report noting that ANTA SPORTS (02020) delivered a solid performance in the second quarter. The ANTA brand recorded low single-digit growth in retail sales for the quarter, with management expressing confidence in achieving the full-year sales target. FILA retail sales also achieved low single-digit growth.

The report suggests that, despite a challenging environment, ANTA continues to outperform its peers and gain market share. Macquarie maintains its "Outperform" rating on the stock and has raised its target price from HK$124 to HK$125.

Macquarie has also increased its profit forecasts for ANTA for the 2026 to 2028 fiscal years by approximately 1%, reflecting better-than-expected performance from other brand categories.