|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||573.96 - 589.53|
|52 Week Range||218.30 - 589.53|
|Beta (5Y Monthly)||1.04|
|PE Ratio (TTM)||80.02|
|Forward Dividend & Yield||2.19 (0.49%)|
|Ex-Dividend Date||May 10, 2021|
|1y Target Est||N/A|
Anta Sports Products Ltd. (ANPDF) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Peloton (NASDAQ: PTON), the leading interactive fitness platform, today announced that it has entered into an agreement to acquire Precor, one of the largest global commercial fitness equipment providers with a significant U.S. manufacturing presence, in a transaction valued at $420 million USD. With the acquisition, Peloton plans to establish U.S. manufacturing capacity, boost research and development capabilities with Precor's highly-skilled team, and accelerate Peloton's penetration of the commercial market. Peloton plans to produce connected fitness products in the U.S. before the end of the calendar year 2021. Subject to the completion of the transaction, Precor will operate as a business unit within Peloton. Precor President Rob Barker will become CEO, Precor and General Manager, Peloton Commercial, reporting to William Lynch, Peloton's President. Precor is a division of Finnish sporting goods company Amer Sports, which is owned by an investor consortium including ANTA Sports (HKG:2020.HK), FountainVest Partners, Anamered Investments Inc. and Tencent Holdings Limited. The transaction is expected to close in early calendar year 2021.
ANTA Sports Products Limited (2020.HK; "ANTA Sports", the "Company" and all its subsidiaries together as the "ANTA Group") today released interim results for the year 2020. During the COVID-19 pandemic, ANTA Group, under the guidance of "maintaining sustainability, stabilizing growth and refining governance", faced up to difficulties and turned the crisis into an opportunity. Against the backdrop of international brands hitting strongly on the market, the Group's multi-brand matrix has generated strong synergy. In the first half of the year, the Group's earnings decreased by only 1% year-on-year, and its steady recovery pace took the lead in the sports industry. The Group's gross profit margin reached a record high of 56.8%, outperforming major competitors, and profit attributable to equity shareholders was placed at the forefront of the industry. ANTA brand followed the path of transformation and achieved the expected revenue. FILA's revenue grew strongly by 9.4%, climbing to the top of the sports industry. In addition to the two main brands, other brands, led by DESCENTE, grew by 8.3%. The Group's e-commerce retail sales value grew strongly by over 50% year-on-year, with a 78% growth rate during the sales promotion of the 618 Online Shopping Festival. Online business of FILA, DESCENTE, and KOLON SPORT grew more than 100% year-on-year.