JPM Sets New Target Price for Anta Sports and Kuaishou

JPMorgan lowered the target price of Anta Sports to HKD130 and reiterated a positive rating. For Kuaishou, JPMorgan set a new target price of HKD48 and downgraded the company's rating to 'Neutral'.

JPMorgan has issued updated ratings on two major Hong Kong-listed names, cutting its target price on Anta Sports Products (2020.HK) to HKD130 while reiterating an Overweight rating. The revised target sits above the current analyst consensus of roughly HKD107, signaling that JPMorgan still sees meaningful upside for China's largest sportswear group. Analysts cited expectations that Anta's market share could continue to expand despite a softer consumer spending environment in mainland China.

In a separate move, JPMorgan downgraded Kuaishou Technology (1024.HK) to Neutral from Overweight and lowered its target price to HKD48. The downgrade reflects growing caution around the short-video platform's ability to sustain revenue growth as competition intensifies in China's digital entertainment sector. The new HKD48 target represents a significant pullback from JPMorgan's prior view and places the bank near the low end of the broader analyst range.

The diverging calls highlight the increasingly selective stance major banks are taking on Chinese consumer and tech stocks. While Anta's brand strength and retail execution continue to attract bullish sentiment, Kuaishou faces headwinds from ad-spending moderation and margin pressure. Investors tracking these names may want to watch upcoming quarterly results for confirmation of these contrasting trajectories.