ANTA Sports Products Ltd (2020.HK)
18 Mar 2019
* ANTA's 2018 net profit up 32.9 pct, slightly above consensus
HONG KONG, Feb 26 ANTA Sports Products Ltd booked record annual net profit for a fourth straight year on Tuesday, as its online and offline businesses expanded further on strong demand in China for sportswear and sporting goods.
* Loans: International banks dominant in 2019’s first Chinese acquisition loan
HONG KONG (Reuters Breakingviews) - Making a success of buying Finland’s Amer Sports would be a marathon not a sprint for Anta Sports Products. The Chinese suitor’s stock has suffered since it approached the owner of winter gear brands Salomon and Arc’teryx in September with a $5.3 billion cash offer. Shareholders may be worried about the high price and the prospect of initially lower margins and dividends, but the company’s experience with Fila suggests the deal could pay off.