Anta Sports Products (2020 HK) will likely see its 4Q22 and 1Q23 businesses negatively affected by the increase in infections as China loosens its COVID combating measures.
The market environment faced by Bosideng International Holdings (3998 HK) is more challenging as peak season demand is affected. However, the positive long-term growth story remains unchanged.
Haier Smart Home Co Ltd (6690 HK) will be less affected when compared with the other two. We see better margin in FY23 and share buyback is positive.
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