XTEPY XTEP INTERNATIONAL
- 77.000
- +3.400+4.62%
XTEP INTERNATIONAL News
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.
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[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
Changes in Hong Kong stocks | Teb International (01368) is now up more than 4%. The company plans to divest all of the proceeds from the loss-making business and will use it to pay a special dividend
Teb International (01,368) is now up more than 4%. As of press release, it has risen 4.29% to HK$5.84, with a turnover of HK$334.226 million.
Tep International proposes to declare a special dividend
Teb International (01368) issued an announcement recommending the declaration of a special dividend.
Does Xtep International Holdings (HKG:1368) Have A Healthy Balance Sheet?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it might be obvious
CICC: Maintaining Tep International's “Outperforming the Industry” Rating Target Price Raised to HK$6.58
CICC released a research report stating that it maintains the “outperforming industry” rating of Tep International (01368) and temporarily maintains the company's 2024/25 EPS forecast of 0.45/0.52 yuan, considering that the company's transactions have not yet been implemented. The target price was raised by 20% to HK$6.58, taking into account the company's plans to divest loss-making businesses to boost market confidence. The company announced that it plans to sell KP Global, which owns the Gashway and Palatin brands, to the controlling shareholder Ding's family for US$151 million. Pending completion of the sale, the company plans to declare a special dividend of US$151 million. CICC's main views are as follows: Tebu International
CICC: Maintaining the target price of “outperforming the industry” rating of Special Step International (01368) and raising the target price to HK$6.58
CICC maintains Special Step International's (01368) 2024/25 EPS forecast of 0.45/0.52 yuan.
Major strategic adjustments, how do you view XTEP (1368.HK) selling KP Global?
This shows Special Step's “heart for running”, and the deployment is ingenious.
Nomura: Target price of HK$6.8 for the “Buy” rating from TEP International
According to a research report released by Nomura, Tep International (01368) sold the “K-Swiss” (K-Swiss) and “Palladium” (Palladium) brand businesses, or the entire share capital of KP GLOBAL, to the controlling shareholder Ding's family yesterday (9th). The related transaction cost was US$151 million. At the same time, TEP also issued HK$500 million convertible bonds to Hillhouse Investments (Hillhouse). As for the $65 million convertible bonds issued by KP Global, KP Global will redeem the $65 million convertible bonds issued by KP Global. Nomura described the above move by TEP as a positive surprise to the controlling shareholders
Nomura: Target price of HK$6.8 for the “Buy” rating from TEP International (01368)
On May 9, Teb International (01368) sold the “K-Swiss” (K-Swiss) and “Palladium” (Palladium) brand businesses, or the entire share capital of KP GLOBAL, to the controlling shareholder Ding's family. The related transaction cost was US$151 million.
[Broker Focus] Guosheng Securities maintains the “buy” rating of Special Step International (01368), indicating that the divestment of KP Global will drive the company's long-term continuous growth
Jinwu Financial News | According to Guosheng Securities Research Report, Tep International (01368) issued an announcement stating that it will sell KPGlobal (a wholly-owned subsidiary of Steph International and owns the Gesway and Palatin brands) to Ding Shun Investment, a Ding family holding company, at a cost of US$151 million. At the same time, TEP International plans to pay a special dividend of US$151 million to thank all shareholders for their long-term support. The bank determined that the divestment of KP Global would, on the one hand, help improve the profit situation of listed companies, and on the other hand, the company could invest more resources in the main brand and specialty of XTEP
[Hong Kong Stock Connect] Trap International (01368) rose 5% to sell KP Global for US$151 million and plans to issue a special interest rate of HK$0.447
Jinwu Financial News | The stock price of TEP International (01368) rose by 5% as of press release to HK$5.67, with a turnover of HK$66.71 million. According to the news, the company announced that in order to eliminate the continued impact of the “Gastway” and “Palatine” brand business on the Group's profitability and cash flow due to losses, after thorough consideration, the controlling shareholder Ding's family proposed the acquisition of KPGlobal, which owns the “Gestway” and “Palatin” brands, at a cost of US$151 million. After the sale is completed, in order to thank the shareholders for their long-term support, the board of directors intends to list the company's shareholders on the pending record date
In an area of heavy position, Teb International (1368.HK)'s mid-report record is expected to be drastically reversed
Tep International (1368.HK) (hereinafter referred to as the “Group” or “TEP”) announced that Ding Shuibo, Chairman of the Board of Directors and CEO of the Group, and his family will privatize the Gestway and Palatin brands at a price of US$151 million. This also means that Special Step will focus on areas of strength. All in has been deeply involved in running tracks for 17 years. Further development of running “longboard” is expected to be shown in the mid-term report, leading to a major explosion in performance. Since entering the market in 2007, the market has gradually established the perception that Special Step is “China's first running stock”. When it comes to running, the first thing that comes to mind is Xtrek. September 2022, Special Presenter
Teb International (01368) plans to sell KP Global, which owns the “Gestway” and “Paladin” brands, to the controlling shareholder Ding's family for US$151 million
Trap International (01368) announced that the group acquired “Gastway” and “...” at a cost of US$260 million in 2019
XTEP INT'L: 1)D&CT-DISPOSAL OF THE ENTIRE ISSUED SHARE CAPITAL OF KP GLOBAL;2)PROPOSED DECLARATION OF SPECIAL DIVIDEND;3)EARLY REDEMPTION OF K-SWISS CONVERTIBLE BONDS BY KP GLOBAL;4)ISSUE OF CONVERTIBLE BONDS IN PRINCIPAL AMOUNT OF HK$500...
Direct impact of changes | Special Step International rose more than 7%, leading sporting goods stocks, the sports industry may welcome favorable policies
On May 9, the $Sporting Goods (BK1185.) $concept sector collectively picked up. As of press release, $TEP International (01368.HK) $ rose 7.77% to HK$5.41; $Li Ning (02331.HK) $ rose 4.07% to HK$21.75; and $Yuyuan Group (00551.HK) $ rose 3.50% to HK$14.80. Market source: According to news from Futubull Niu Niu, on May 8, Gao Zhidan, party group secretary and director of the State Administration of Sports, issued an article stating that he will work with relevant departments to develop policy documents to promote the transformation and upgrading of sporting goods and equipment, and continue to fight
XTEP INT'L To Go Ex-Dividend On May 7th, 2024 With 0.08 HKD Dividend Per Share
May 3rd - $XTEP INT'L(01368.HK)$ is trading ex-dividend on May 7th, 2024. Shareholders of record on May 8th, 2024 will receive 0.08 HKD dividend per share on June 28th, 2024. The ex-dividend date
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