TF International: Bullish on Xtep Int'l's financial performance after KP spin-off, maintains 'buy' rating.

TFI released a research report maintaining a "buy" rating on Xtep Int'l (01368), with projected revenues of RMB 16 billion, RMB 17.9 billion, and RMB 19.8 billion for 2024, 2025, and 2026, respectively; net profit attributable to shareholders of RMB 1.21 billion, RMB 1.41 billion, and RMB 1.65 billion; EPS of RMB 0.46/share, RMB 0.53/share, and RMB 0.63/share. The bank is bullish on the company's main brand to maintain its leading position in the market with high-performance cost-effective products. In addition, the financial performance is expected to improve after KP's spin-off, and the business will be more streamlined and focused on the running track. In addition,

新浪港股Jul 23 03:47 ET

CITIC Securities is bullish on Xtep International (01368) as its financial performance has improved after the spin-off of KP, and maintains a "buy" rating.

CICC International expects xtep int'l to have net profit attributable to shareholders of 1.21 billion RMB, 1.41 billion RMB and 1.65 billion RMB for the years 2024-2026.

Zhitong FinanceJul 23 03:21 ET

Xtep International Holdings Insiders Added CN¥64.0m Of Stock To Their Holdings

Simply Wall StJul 17 20:24 ET

[Brokerage Focus] Caitong maintains a "shareholding" rating for Xtep International (01368), suggesting that its profits may be less affected after KP's spin-off.

Caitong Securities released a research report stating that Xtep Int'l (01368) announced its 2024 Q2 and H1 operational data. In 2024Q2, Xtep's main brand's omnichannel revenue increased by 10% YoY, with discounts of about 25%, and in H1, the omnichannel revenue of Xtep's main brand increased by high-double digits YoY, with a channel inventory turnover of about 4 months. The bank pointed out that the company's online performance is outstanding, while offline performance may be affected by adverse weather conditions. In terms of channels, in Q2, online revenue increased by 25% YoY, with group e-commerce GMV during the 618 period increasing by 50%+ YoY and Xtep's main brand e-commerce GMV increasing by 40%+ YoY, showing an improvement in online growth rates.

金吾財訊Jul 17 04:35 ET

Hong Kong stock market concept tracking: With the Olympic opening ceremony approaching, the sports footwear and apparel industry benefits from the "Olympic consumer" trend. (List of concept stocks)

At 1:00 pm local time on July 14th, the 2024 Paris Olympic torch began to be relayed in Paris. The relay in Paris will last for two days.

Zhitong FinanceJul 17 02:16 ET

Changjiang Securities: Xtep Int'l's Q2 2024 revenue performance meets expectations, maintains a "buy" rating.

According to a research report released by Changjiang Securities, Xtep International (01368) maintains a 'buy' rating. Taking into account that KP has not yet been divested, it is estimated that the net profit attributable to the parent company will be 1.17 billion, 1.33 billion, and 1.48 billion yuan in 2024-2026, with a year-on-year growth of 14%, 13%, and 12% respectively. The company released retail data for 2024Q2, showing that Xtep's main brand revenue increased by about 10% year-on-year, with a 25% discount, a stock-to-sales ratio of about 4 months, and the revenue performance was in line with expectations. Looking ahead, the company's inventory and discounts will return to a healthy level, and there is still room for optimizing the gross margin and A&P expense ratio of the main brand of professional sports brands to continue.

新浪港股Jul 17 00:03 ET