Shenyang Wanguo published the latest research report, reiterated the Anta sports overweight rating, the target price of HK $9.8, a premium of more than 70% over the latest market price of HK $5.75 (up 3.23%), because Anta's current stock price is undervalued.

Shen Wan said in detail that the performance of Anta in the first half of 08 is likely to exceed expectations. Because of its strategic investment in R & D over the past two years, the company has been making innovations since the 4 quarter of last year, and the market has responded well.

Shen Wan also pointed out that the overall gross profit margin of children's products in Anta's new children's products and Anta shoe store models is 38% higher than that of adult products. Anta's management plans to open about 400 children's products stores in the next two years, while Anta shoe store models do not need extra capital spending, and the gross margin of products can reach about 38%. Anta management plans to set up about 600 Anta shoe stores in the next two years.