Yue Yuen Industrial (Holdings) (HKG:551) Seems To Use Debt Quite Sensibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' So it seems the smart money knows that debt - which is usu
Trends in China (03818.HK): Retail sales of Kappa brand stores recorded a year-on-year decline of 10% to 20% in the fourth quarter of the 2023/24 fiscal year
On April 26, Ge Longhui | China Trends (03818.HK) announced that in the fourth quarter of the 2023/24 fiscal year, retail sales of the Group's Kappa brand stores recorded a low drop of 10% to 20% year-on-year. In the 2023/24 fiscal year, retail sales of the Group's Kappa brand stores recorded a low increase of 10% to 20% year-on-year. In the fourth quarter of fiscal year 2023/24, same-store sales recorded a high year-on-year decline in units based on the Kappa brand stores that were already in operation since the same quarter last year. Cumulative in the 2023/24 fiscal year, with K already in operation since the same quarter last year
[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
[Broker Focus] Dongxing Securities maintains Anta Sports (02020) “Highly Recommended” rating and is optimistic about its ability to continue to seize the market by relying on a multi-brand matrix
Jinwu Financial News | According to Dongxing Securities Research Report, Anta Sports (02020) recently released its 2023 annual report and operations for the first quarter of 2024. In 2023, it achieved operating income of 62.356 billion yuan, an increase of 16.2% over the previous year, and net profit attributable to the parent company (excluding profit and loss of the joint venture) of 10.954 billion yuan, an increase of 44.9% over the previous year. The year-end dividend payout ratio was 50.7%, providing shareholders with continuous and steady growth in returns. In the first quarter of 2024, retail sales of the Anta brand achieved positive growth in the number of units, and retail sales of the FILA brand achieved positive growth in high units, and all others
Citibank: Reiterates Yue Yuan Group's (00551) “Buy” Rating Target Price Raised to HK$16.5
The Zhitong Finance App learned that Citi released a research report stating that it reaffirmed the “buy” rating of Yuyuan Group (00551), raised the net profit forecast for the 2024-2026 fiscal year by 20% to 22%, and raised the target price from HK$12.5 to HK$16.5 because the gross margin of the manufacturing business beat expectations. Taking into account the proceeds of a single sale, the Group's net profit for the first quarter is expected to rise 95% to 100% year-on-year under a low base. The bank believes it won expectations. The bank pointed out that Yuyuan Group's retail business is still under pressure. The retail business is expected to generate revenue this year under the downturn in consumption and weak purchasing power in the real estate market
Changes in Hong Kong stocks | Li Ning (02331) rose more than 5% this week and surged more than 20%. Sales performance in the first quarter was in line with market expectations
Li Ning (02331) rose more than 5%, with a cumulative increase of more than 20% this week. As of press release, it rose 5.28% to HK$20.95, with a turnover of HK$172 million.