Positive Earnings Growth Hasn't Been Enough to Get Xtep International Holdings (HKG:1368) Shareholders a Favorable Return Over the Last Year
It is a pleasure to report that the Xtep International Holdings Limited (HKG:1368) is up 30% in the last quarter. But that doesn't change the reality of under-performance over the last twelve month
[Broker Focus] China Merchants Securities maintains the guideline that Teb International (01368) highly recommended ratings indicate that profit growth is expected to be faster than revenue
Jinwu Financial News | China Merchants Securities Research Report shows that the 24Q1 omni-channel sales volume of the main brand of Teb International (01368) increased in high units, and discounts and inventory were steady, moderate and positive. Sales of new brands in mainland China increased 25% + year over year. The company maintains a year-on-year revenue growth rate of no less than 10%, and profit growth is expected to be faster than revenue guidance. The company's main brand focuses on the core categories of running, product & channel structure optimization. According to the bank, the company's main brand focuses on the core categories of running, product & channel structure optimization, and the collaborative development of Sokney and XTEP's main brand will maintain a relatively rapid pace of scale expansion and continue to provide performance increases. The company has been in operation for 24 years
XTEP INTERNATIONAL To Go Ex-Dividend On May 7th, 2024 With 1.02107 USD Dividend Per Share
April 26th - $XTEP INTERNATIONAL(XTEPY.US)$ is trading ex-dividend on May 7th, 2024. Shareholders of record on May 8th, 2024 will receive 1.02107 USD dividend per share on July 15th, 2024. The ex-
Changes in Hong Kong stocks | Teb International (01368) rose more than 4%. Q1 Special Step's main brand turnover increased by unit volume over the same period last year
The Zhitong Finance App learned that TEP International (01,368) rose by more than 4%. As of press release, it had risen 3.51% to HK$4.72, with a turnover of HK$24.257,700. According to the news, TEP International released retail data for 2024Q1. The sales volume of TEP's main brand increased by a higher number of units over the same period last year, with discounts of 70-75% off, and inventory sales compared to 4-4.5 months. The sales performance was in line with expectations. Changjiang Securities pointed out that the base figure declined in April and the turnover is expected to increase in double digits, and growth is expected to accelerate in subsequent quarters. The bank said that in the short term, the company's inventory has recovered to a relatively healthy level. In 2024, it will be lightweight and the main brand
GF Securities: Maintaining Special Step International's “Buy” Rating Target Price of HK$7.32
GF Securities released a research report stating that maintaining the “buy” rating of Teb International (01368), the estimated net profit from 24-26 is 11.7/13.4/1.53 billion yuan, 15 times PE in 24, and the target price is HK$7.32. Looking ahead to 24 years, considering that the company's inventory has returned to a healthy level and is lightweight, the bank expects the revenue of TEP's main brand to increase by 10%, and profit margins are expected to benefit from rebounding discounts and SG&A fee rate optimization. Furthermore, the company's new brand and the main brand of Special Step complement each other at the consumer base and market level, which is expected to become a new driving force for the company's performance growth.
GF Securities: Maintaining the target price of HK$7.32 for the “Buy” rating of Special Step International (01368)
GF Securities predicts that the revenue of the main brand of XTEP will increase by 10% in '24, and profit margins are expected to benefit from rebounding discounts and SG&A fee rate optimization.
Yamato: Reiterates Special Step International's “Buy” Rating Target Price Reduced to HK$6
Yamato released a research report stating that it reaffirmed the “buy” rating of TEP International (01368) and lowered its earnings forecast per share for this year and next two years by 4% to 9% and the target price to HK$6 based on concerns about overseas market development and weak investment in new brands. According to the report, the retail sales of TEP's core brands recorded a high year-on-year increase in the number of units in the first quarter, which was better than expected. The positive sales trend continued from mid-March until now, and has achieved a double-digit percentage year-on-year increase even under the higher base last year. Yamato said that management's attitude during the investor conference call became more positive and optimistic, but it is expected that the interim results will be released
Yamato: Reiterates Special Step International's (01368) “Buy” Rating Target Price Reduced to HK$6
Daiwa lowered the earnings forecast for Teb International (01368) per share for this year and next two years by 4% to 9%.
Changes in Hong Kong stocks | Teb International (01368) fell more than 3% and recently apologized for the Beijing men's half-horse dispute, Yamato lowered the company's target price
Teb International (01368) fell by more than 3%. As of press release, it was down 3.08% to HK$4.41, with a turnover of HK$32.2711 million.
CMB International: Maintaining Special Step International's “Buy” Rating Dividend Rate Is Attractive
CMB International released a research report stating that it maintains the “buy” rating of Special Step International (01368) and is not the industry's first choice, but the 6% dividend ratio is attractive, and believes there is little room for decline. The company's retail sales growth in the first quarter of '24 was a high number of units, in line with the market and expectations. Online growth was more than 25%, while offline growth was low. The retail discount is 7-25% off, which is an improvement from 30% off in Q4 '23. The inventory sales ratio is 4 to 4.5 months, and is expected to be close to 4 months by the second quarter. According to the report, overall retail traffic growth accelerated slightly from mid-March to April
CMB International: Maintaining the dividend rate of the “buy” rating of Special Step International (01368) is attractive
The company expects overall retail sales to grow by more than 10% in the second quarter (more than 10% in April and more than 20% in May), and will also achieve relatively rapid growth in the second half of the year.
CICC: Maintaining Tep International's “Outperforming the Industry” Rating Target Price Raised to HK$5.47
CICC released a research report stating that while maintaining the “outperforming industry” rating of TEP International (01368), the 2024/25 EPS forecast remains unchanged at 0.45/0.52 yuan. Considering the increase in the valuation center of the industry, the target price was raised 16% to HK$5.47. The company announced the operating conditions for the first quarter. The retail sales volume of the main brand of XTEP increased by a year-on-year increase in the number of units, retail discounts of 7 to 25% off, and channel inventory turnover for 4-4.5 months. The main points of the report are as follows: e-commerce channels drive the main brand of TEP to achieve better growth under a high base. The retail sales volume of the main brand of 1Q24 is high in 1Q22/1Q23
CICC: Maintaining the target price of “outperforming the industry” rating of Special Step International (01368) and raising the target price to HK$5.47
CICC's 2024/25 EPS forecast for TEP is 0.45/0.52 yuan.
Xtep International's Retail Sell-Through Grows in Q1
Xtep International Holdings (HKG:1368) recorded "high-single-digit" retail sell-through growth for its core Xtep brand during the first quarter of 2024, according to a Thursday filing with the Hong Ko
Changes in Hong Kong stocks | Sporting goods stocks rose ahead of the Olympic year and may continue to catalyze resilient sports demand in the sports sector
Sporting goods stocks had the highest gains. As of press release, Anta Sports (02020) rose 4.41% to HK$85.2; Pou Sheng International (03813) rose 3.28% to HK$0.63; Taobo (06110) rose 3.16% to HK$5.23; and TEP International (01368) rose 1.83% to HK$4.45.
Xtep International Sees High-Single-Digit Growth on Year in 1Q Offline, Online Sales in Mainland China
Xtep International Sees High-Single-Digit Growth on Year in 1Q Offline, Online Sales in Mainland China
Teb International (01368.HK): Mainland retail sales of major brands achieved a high year-on-year increase in the number of units in the first quarter
GLONGHUI, April 18 | TEP International (01368.HK) revealed the business operation status in mainland China in the first quarter of 2024. Retail sales of TEP's main brands (including online and offline channels) achieved a high year-on-year increase in the number of units for the three months ending March 31, 2024; the retail discount level was about 7-75% off, and the channel inventory turnover was four to four and a half months.
Teb International (01368.HK) received 1.542,500 shares from Chairman Ding Shuibo
Glonghui, April 18 | According to the latest equity disclosure data of the Stock Exchange, on April 16, 2024, Teb International (01368.HK) was granted an increase of 1,542,500 shares at an average price of HK$4.3549 per share on the market, involving approximately HK$6.717,400. After the increase in holdings, Ding Shuibo's latest shareholding was 1,302,037,000 shares, and the shareholding ratio increased from 49.23% to 49.29%.
Insider Stock Buying Reaches CN¥50.9m On Xtep International Holdings
Over the last year, a good number of insiders have significantly increased their holdings in Xtep International Holdings Limited (HKG:1368). This is encouraging because it indicates that insiders are
Teb International (01368.HK) received 1.457,500 additional shares from Chairman Ding Shuibo
Gelonghui, April 17丨According to the latest equity disclosure data of the Stock Exchange, on April 15, 2024, Teb International (01368.HK) obtained an increase of 1,457,500 shares by Executive Director and Chairman Ding Shuibo at an average price of HK$4.4446 per share on the market, involving approximately HK$6.478 million. After the increase in holdings, Ding Shuibo's latest shareholding was 1,300,494,500 shares, and the shareholding ratio increased from 49.18% to 49.23%.
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