Xtep International Holdings Limited's (HKG:1368) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
It is hard to get excited after looking at Xtep International Holdings' (HKG:1368) recent performance, when its stock has declined 17% over the past month. But if you pay close attention, you might
XTEP INT'L: DELAY IN DESPATCH OF CIRCULAR IN RELATION TO THE ANNOUNCEMENTS DATED 9 MAY 2024 AND 23 MAY 2024
[Brokerage Focus] CMB International pointed out that the consumption trend during the Dragon Boat Festival holiday was slightly weaker than expected. The home appliance and outfits industries performed exceptionally well.
Jingu Caixun | Zhongyin International stated that overall the bank believes that the consumption trend during this year's Dragon Boat Festival holiday is slightly weaker than expected, despite the outstanding performance of industries such as household appliances and outfits. During the Dragon Boat Festival holiday, the number of tourists and the amount of support increased by about 6%/8% compared to the same period last year, slowing down from 8%/13% during the May Day Golden Week holiday. The bank estimates that the recovery rate (compared to 2019) may also have weakened. In addition, considering that airfare prices/hotel RevPAR and movie box office have all declined, the bank believes that per capita purchasing power still faces pressure. The bank believes the reasons are as follows: the high base of last year still exists, and the macro environment still needs improvement (additions.
Guosen Securities: domestic sports brand launched new core IP color matching, popular recognition platform 361 degrees shows significant growth.
Guosen Securities released research reports stating that in May, Anta and 361 Degrees increased in popularity, with short-term attention focused on Olympic marketing to boost brand popularity.
TF International: Xtep International (01368) spins off KP to reduce brand losses and maintains 'buy' rating.
Guotai Junan International predicts that Xtep Int'l (01368) will have a net profit attributable to the parent of RMB 1.17/1.34/1.51 billion in 2024-2026.
An Intrinsic Calculation For Xtep International Holdings Limited (HKG:1368) Suggests It's 35% Undervalued
Key Insights The projected fair value for Xtep International Holdings is HK$8.35 based on 2 Stage Free Cash Flow to Equity Xtep International Holdings' HK$5.42 share price signals that it might be 3
XTEP (1368.HK) ran steadily, and TEP Children cooperated deeply with the Tsinghua University Sports and Health Center
Recently, TEP Kids and the Tsinghua University Sports and Health Science Research Center reached an in-depth strategic cooperation to take another step in building a sports expert brand strategy. This also means that the main TEP brand further lays out the mass movement, bringing more possibilities for development. 1. Promoting better product and brand advantages First, focusing on this cooperation itself, this is a strong alliance in the field of healthy youth development. Over the decades, the Tsinghua University Sports and Health Science Research Center has promoted relevant research based on national strategic needs, innovative technology, etc., and now has 9 major research centers and 5 major laboratories, with strong scientific research capabilities. Special steps for children, 1
Changes in Hong Kong stocks | Teb International (01368) fell more than 4%, and the company plans to divest KP to reduce delays. Related transactions have not been completed
The Zhitong Finance App learned that TEP International (01,368) fell by more than 4%. As of press release, it was down 4.06% to HK$5.44, with a turnover of HK$4.0893 million. According to the news, Trap International previously announced that it plans to sell the Gestway and Palatin brands for 150 million US dollars to reduce the burden of brand losses. After the sale is completed, the company's board of directors plans to pay a special dividend of approximately US$150 million to give back to investors. Tianfeng Securities pointed out that after the divestiture of the brand, financial performance is expected to be further optimized. At the same time, the business side will focus more on running tracks, and Saucone and Millet are expected to accelerate growth. Consider that the deal hasn't been completed
China Merchants Securities: Different Anta Sports products preferred by the sportswear industry make differences in growth
China Merchants Securities released a research report stating that Anta Sports (02020) is still the first choice for the sportswear industry. Its brands cover high-end, outdoor and mass markets, so the group is the company that can seize market growth opportunities the most among domestic sportswear brand companies. The bank gave it a target price of HK$99.8, and the rating was “increased.” In addition, the running business of TEP International (01368) should also enable it to achieve higher growth than the industry. The target price is HK$6.6, and the rating is “increased”; while before diversification of the product line is achieved, Li Ning (02331)'s growth will slow down. The target price is HK$25.6.
[Broker Focus] Tianfeng Securities maintains the “buy” rating of Special Step International (01368), indicating that its divestment of KP reduces drag
Jinwu Financial News | According to Tianfeng Securities Research Report, Teb International (01368) plans to sell Gestway and Palatin brands for 150 million US dollars to reduce the drag on brand losses. According to the bank, on the one hand, this sale is expected to reduce the impact of the two brands on the company's performance and consolidate the financial health of XTEP to give back to investors with continuous profitability and special dividends; on the other hand, it streamlines the business structure and focuses on the field of running, where the main brand of TEP targets the mass market, and Sokoni serves high-end and mature customer groups; Melle focuses on trail running and outdoor activities, and the strong cash flow generated by the main TEP brand may be used to support Sokon
Teb International Announces Red Sun Capital Appointed as Independent Financial Advisor
Teb International (01368) announced that Hongri Capital Co., Ltd. has been appointed as an independent financial advisor to provide recommendations to independent shareholders and an independent board committee composed of all independent non-executive directors on whether the terms of share purchase agreements, special dividends, KP convertible bonds and exemptions are fair and reasonable, and to provide advice on how independent shareholders can vote on the relevant proposed resolution at the special shareholders' meeting, and the relevant appointment has been approved by the Independent Board Committee.
XTEP INT'L: (1) SUPPLEMENTAL INFORMATION TO THE ANNOUNCEMENT DATED 9 MAY 2024 AND (2) APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER
[Broker Focus] Changjiang Securities maintains Teb International (01368) “buy” ratings and divests the fashion sports division to boost the company's performance this year and next year
Jinwu Financial News | According to the Changjiang Securities Research Report, TEP International (01368) issued an announcement. 1) In 2019, Trap International acquired Gashway and Palatin brands to establish the fashion sports division KPGlobal (hereinafter referred to as KP) for US$260 million, but due to years of losses dragging down the company's performance, the Ding Shuibo family DingShunInvestment will acquire KP at a price of 150 million US dollars, divest it out of the listed company system, and distribute US$151 million to shareholders in special cash dividends; 2) KP will redeem it for $65 million Prior to 2021, the trend was high
Subdued Growth No Barrier To Xtep International Holdings Limited (HKG:1368) With Shares Advancing 32%
Xtep International Holdings Limited (HKG:1368) shares have continued their recent momentum with a 32% gain in the last month alone. Not all shareholders will be feeling jubilant, since the share pr
Yamato: Maintaining Trap International's (01368) “Buy” rating and raising the target price to HK$6.7
Yamato believes that after the sale of K-Swiss and Palladium, profit visibility will improve significantly, driving the profit forecast and rating revaluation of TEP International (01368).
Teb International (01368) will pay a final dividend of HK$0.08 per share on June 28
According to the Zhitong Finance App, Teb International (01368) announced that the company will pay a final dividend of HK$0.08 per share on June 28, 2024.
Unveiling 3 Premier Dividend Stocks Yielding Up To 7.5%
Analysts Offer Insights on Consumer Cyclical Companies: Xtep International Holdings (OtherXTPEF), Home Depot (HD) and Dollar General (DG)
[Broker Focus] Open Source Securities maintains the “buy” rating of Special Step International (01368), which indicates that KP is expected to increase profit after divestment
Jinwu Financial News | According to Open Source Securities Research, Teb International (01368) plans to strategically sell KP (holding Gashway and Palatin brands) to the controlling shareholder Ding Shuibo Family for US$151 million. All proceeds will be distributed as a special cash dividend (approximately HK$0.447 per share) and preserve the possibility of future benefits. The bank pointed out that the main brand of Xtrex is aimed at the mass market, that Saucone satisfies high-end and mature customer groups, and that Melle focuses on trail running and outdoor activities, and that there are synergies between brands. After the divestment of KP, more resources were invested in the Sauconie and Mille brands to broaden product lines, increase store area, and increase marketing investment.
Xtep International Declares Special Dividend
Xtep International Holdings (HKG:1368) declared a special dividend without providing any further details. The company's shares were up by over 7% in the recent trading. Price (HKD): $6.00, Change: $+0
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