06110 TOPSPORTS
- 4.900
- -0.110-2.20%
TOPSPORTS News
These 4 Measures Indicate That Topsports International Holdings (HKG:6110) Is Using Debt Safely
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will
BOCOM Int'l expects the mainland China consumer index to continue to improve in the second half of the year.
Zhì tōng cáijīng APP learned that bocom intl issued a report stating that consumer performance has been slightly lower than expected since early 2024, but improvement is expected in the second half of the year. The bank pointed out that the consensus expectation for revenue growth of 104 consumer goods companies in 2024 has been lowered from 10.7% six months ago to 9.6%, indicating that consumer demand has been healthy but slightly lower than market expectations since the beginning of the year. The downgrade is mainly from essential consumption, and the performance of optional consumption roughly meets expectations. However, the bank maintains a cautiously optimistic attitude towards the second half of the year, as the low base in the second half of the year, hot weather, and the continued warming of the tourism industry are conducive to essential consumption, and international sports events such as the Beijing Winter Olympics are expected to have a positive impact on discretionary consumption.
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.
[Broker Focus] China Merchants Securities maintains Taobo (06110) and strongly recommends ratings. The recovery of the two leading brands is expected to drive growth
Jinwu Financial News | China Merchants Securities Research Report said that although the past three years have been affected by many adverse external factors, Taobo (06110) has strong channel operation, inventory management and discount control, maintained abundant cash flow, and had a dividend ratio of 100% + for four consecutive years; 2024H2 Nike and Adidas are expected to enter the new product development cycle in the context of the Olympics, driving both growth in Taobo's valuation and performance. The bank expects FY25-FY27's revenue to be 30.87 billion yuan, 33.39 billion yuan, and 36.11 billion yuan, with year-on-year growth rates of 7%, 8%, and 8%. Net profit was 2.41 billion yuan,
[Broker Focus] Anxin International maintains Taobo (06110) “buy” rating, indicating that its fiscal year performance is basically in line with expectations, and multiple brands have achieved year-on-year recovery
Jinwu Financial News | According to Anxin International Development Research, Taobo (06110) announced FY2024 results. Revenue increased 6.9% year on year, gross margin increased steadily by 0.1 pp, net profit to mother increased 20.5% year on year, and annual dividend payout rate reached 101%, which is basically in line with expectations. According to the bank, as the impact of the epidemic gradually dissipates and offline passenger flow returns, the company also continues to upgrade the offline store structure. The number of stores operated by the company during the fiscal year was 6,565, a net decrease of 421, and the number of net closed stores decreased significantly. Changes in the number and area of stores matched the trend of recovery in consumption, and the sales area of a single store increased by 6 over the same period last year
CMB International: Maintaining the Taobo (06110) “Buy” Rating Target Price Reduced to HK$6.78
CMB International cut Taobo's (06110) net profit forecast for the 2025 and 2026 fiscal years by 10% and 13%.
Topsports International Holdings Limited (HKG:6110) Just Reported And Analysts Have Been Cutting Their Estimates
Topsports International Holdings Limited (HKG:6110) just released its latest full-year report and things are not looking great. Topsports International Holdings missed analyst forecasts, with rev
Yamato: Target price for Taobo (06110) “Buy” rating reduced to HK$6.6
The Zhitong Finance App learned that Yamato released a research report stating that it lowered its earnings forecast for Taobo (06110) per share for the current fiscal year and the next fiscal year by 11% to reflect weak consumer sentiment in China. The bank lowered Taobo's target price from HK$7 to HK$6.6, while confirming the “buy” rating. It viewed the stock as an attractive dividend dividend stock, and benefited from a recovery in basic factors. The bank said that the company's total retail sales value has declined year on year since the current fiscal year, due to last year's high base and delayed launch of new products, even though sales have improved month-on-month since May. Management is still confident in the current fiscal year's sales growth target. The overall discount from the current fiscal year to date has been slight compared to the previous year
Changes in Hong Kong stocks | Taobo (06110) fell more than 7% in early trading, UBS says earnings for FY2024 were weaker than expected, and recent sales trends were weak
The Zhitong Finance App learned that Taobo (06110) fell more than 7% in early trading. As of press release, it was down 5.83% to HK$5.17, with a turnover of HK$57.4037 million. According to the news, Taobo announced its annual results for the year ended February 29, 2024, with revenue of RMB 28.933 billion, up 6.9% year on year; profit attributable to the company's equity holders was RMB 2,213 billion, up 20.5% year on year. Bank of America Securities previously stated that it would lower Taobo's earnings per share forecast for the 2024 and 2025 fiscal years by 8% and 7%, respectively. Mainly based on the lower revenue assumption due to the restructuring of its Neo stores,
Big Bank Ratings | UBS: Lowering Taobo's Target Price to HK$7.3, Lowering Earnings Per Share for FY2025-27
According to a report published by UBS, Taobo's profit for the 2024 fiscal year was weaker than expected. Net profit for the second half of the fiscal year ending at the end of February this year increased 27% year-on-year, 7% lower than the bank's forecast. The reason was that revenue, gross margin, and operating expenses did not meet expectations, but were partially offset by lower tax rates. Due to the high base effect from January to February, revenue for the second half of the 2024 fiscal year increased 7% year-on-year, 3% lower than the bank's forecast. According to UBS, the earnings forecast per share for the 2024-2027 fiscal year was lowered by 3% to 4% due to lower earnings expectations for the 2024 fiscal year and weak recent sales trends. The bank reduced its target price from HK$7.5 to HK$7.3,
[Broker Focus] Guoxin Securities maintains Taobo (06110) “buy” rating indicates that the company maintains a high dividend rate of 100% or more
Jinwu Financial News | Guoxin Securities released a research report that Taobo (06110)'s revenue for the 2024 fiscal year increased 6.9% year-on-year to 28.93 billion yuan; based on retail-driven, new product-driven, multi-brand recovery, and simultaneous global channel growth, it achieved high-quality growth. Profit margins increased steadily, and net profit to mother was +20.5% YoY to 2.21 billion yuan. According to the bank, gross margin increased 0.1 percentage points to 41.8% year on year, driven by the company's improved discount rate and increased share of retail revenue; benefiting from positive operating leverage, the overall expense ratio fell 1.0 percentage points to 32.8%; net cash flow from operating activities
Guoxin Securities: Maintaining Taobo's (06110) “Buy” Rating and Lowering Reasonable Valuation to HK$6.8-7.2
Guoxin Securities expects Taobo (06110)'s net profit for the 2025-2027 fiscal year to be 23.0/25.1/270 billion yuan, respectively.
[Broker Focus] BOC International reaffirms Taobo's (06110) purchase rating, indicating that its 2024 results are in line with expectations
Jinwu Financial News | According to BOC International Development Research Report, Taobo (06110)'s sales and net profit for the 2024 fiscal year increased 6.9%/20.4% year-on-year, 3% lower than the consistent forecast. Sales increased 6.5% year over year in the second half of fiscal year 2024 (7.3% in the first half), and net profit growth accelerated to 26.5% year over year (16.7% in the first half of the year). Taobo's dividend payout ratio reached 101%, averaging 107% over the past three years, and the dividend rate reached 7%. According to the bank, the main brands maintained steady growth in the second half of the year, with a year-on-year increase of 6% (7% in the first half of the year), while other brands grew faster, increasing year-on-year
Do Its Financials Have Any Role To Play In Driving Topsports International Holdings Limited's (HKG:6110) Stock Up Recently?
Topsports International Holdings' (HKG:6110) stock is up by a considerable 6.2% over the past month. As most would know, fundamentals are what usually guide market price movements over the long-term
TOPSPORTS To Go Ex-Dividend On August 1st, 2024 With 0.0532 HKD Dividend Per Share And 0.1597 HKD Special Dividend Per Share
May 23rd - $TOPSPORTS(06110.HK)$ is trading ex-dividend on August 1st, 2024. Shareholders of record on August 2nd, 2024 will receive 0.0532 HKD dividend per share and 0.1597 HKD special dividend p
Jefferies Adjusts Topsports International Holdings' Price Target to HK$7.90 From HK$9.30, Keeps at Buy
04:49 AM EDT, 05/23/2024 (MT Newswires) -- Jefferies Adjusts Topsports International Holdings' Price Target to HK$7.90 From HK$9.30, Keeps at Buy Price (HKD): $5.49, Change: $-0.21, Percent Change: -3
Topsports International Post Higher 2023 Profit, Revenue
Topsports International Holdings (HKG:6110) reported a profit attributable to the company's equity holders of 2.21 billion yuan for the year ended Feb 29, compared with a profit of 1.84 billion in the
Changes in Hong Kong stocks | Taobo (06110) fell nearly 4% FY2024 results slightly lower than institutions expected low total sales in the fourth quarter and unit growth
The Zhitong Finance App learned that Taobo (06110) fell nearly 4%. As of press release, it was down 3.86% to HK$5.48, with a turnover of HK$27.427 million. According to the news, Taobo announced its annual results for the year ended February 29, 2024, with revenue of 28.933 billion yuan (RMB, same below), up 6.9% year on year; profit attributable to the company's equity holders was 2,213 billion yuan, up 20.5% year on year. Revenue and net profit growth rates were slightly lower than Citi's previous expectations of 8% and 21%, respectively. Bank of America Securities previously indicated that it will forecast Taobo's earnings per share for the 2024 and 2025 fiscal years, respectively
Topsports International's Q4 Sales Increase in Low Single Digits
Topsports International Holdings (HKG:6110) total sales from retail and wholesale operations recorded a low single-digit increase over the year for the quarter that ended Feb. 29, according to a Wedne
Taobo will pay a final dividend of HK5.32 cents per share on August 22
Taobo (06110) announced that it will pay a final dividend of HK5.32 cents per share for the year ended February 29, 2024 on August 22, 2024.
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