The Zhitong Finance App learned that Extraordinary Leadership (00933) continued to rise by more than 14% in early trading. As of press time, it rose 14.88% to HK$1.39, with a turnover of HK$4.08 million.
Zheshang Securities released a rating report saying that the 23H1 profit reversal sent a positive signal. The loss reduction in the multi-brand footwear business has gradually moved to an upward stage. The company is expected to achieve net profit of 55/ 85/1.13 billion HK$1.13 billion in 23-25, respectively -36%/+56%/+32% over the previous year. As of August 18, the corresponding PE for the closing price was 23/15/11 times. Considering the expansion of channels in the offline core business district under the company's management and development in the Chinese market, the company is expected to restart the depth of growth and maintain its “buy” rating.
Bank of China Securities said that China's clothing retail will recover steadily in 2023, but the process has fluctuated somewhat: the export side is still under pressure but has basically bottomed out. The growth rate in May-July turned negative and the decline gradually expanded, but as overseas customers continue to remove inventory, orders from leading manufacturing companies are expected to improve. Judging from the sector's mid-report performance, H1 has maintained a steady recovery as a whole. Among them, high-end and sportswear have recovered relatively well. The bank believes that as policy expectations gradually become clear, consumer confidence is expected to improve to a certain extent. Combined with the low base effect of the 2022 Q4 epidemic, it is expected that the recovery trend of Q4 clothing consumption, driven by demand for fall and winter clothing, will become more clear.