Golden Ten Data, January 10th, CICC released a research report stating that it maintains a 'outperform' rating on Xtep International (01368.HK), considering the completion of the divestment of GSX and Paladin brands to reduce the company's loss. It raises the EPS forecast for 2024 by 4% to 0.46 yuan, basically maintaining the EPS forecast for 2025 at 0.52 yuan, and introducing the EPS forecast for 2026 at 0.59 yuan. Switching the valuation to 2025, the target price is slightly raised by 3% to 6.9 Hong Kong dollars. The company announced the operating performance of 4Q24: Xtep's main brand retail sales increased by high single digits year-on-year, with retail discounts ranging from 70% to 75%; Saucony brand retail sales increased by approximately 50% year-on-year.
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· 01-10 03:57
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Zhongjin: Maintain a "outperform" rating on Xtep International, target price raised to HKD 6.9
Golden Ten Data, January 10th, CICC released a research report stating that it maintains a 'outperform' rating on Xtep International (01368.HK), considering the completion of the divestment of GSX and Paladin brands to reduce the company's loss. It raises the EPS forecast for 2024 by 4% to 0.46 yuan, basically maintaining the EPS forecast for 2025 at 0.52 yuan, and introducing the EPS forecast for 2026 at 0.59 yuan. Switching the valuation to 2025, the target price is slightly raised by 3% to 6.9 Hong Kong dollars. The company announced the operating performance of 4Q24: Xtep's main brand retail sales increased by high single digits year-on-year, with retail discounts ranging from 70% to 75%; Saucony brand retail sales increased by approximately 50% year-on-year.