Teb International (01368.HK) Hong Kong Stock Company Information Update Report: 2024Q1 New Products and E-commerce Drive Continued Improvement in Liquidity Management Index

New 2024Q1 products and e-commerce drive turnover, business indicators continue to improve, and maintain the “buy” rating 2024Q1 main brand turnover to achieve high order growth under a high base (2023Q1 turnover growth of 20% +), mainly e-commerce

開源證券Apr 19 18:06

Anta Sports (2020.HK): Q1 turnover growth rate is in line with expectations, and the discount rate continues to improve

Core point of view 24Q1 Anta's main brand was growing on a high base in the same period last year. The number of units, inventory sales ratio and discount rate were at a healthy level, and the Anta brand discount rate was narrower; the completion rate in March was higher than in January-January, and is expected to be higher in the 2nd quarter

中信建投證券Apr 19 16:56

Research and Development | CITIC Securities: Maintaining Anta's “Buy” Rating and Expecting the Sales Performance of Various Brands to Gradually Improve in the Next Quarter

According to a report published by CITIC Securities, Anta Sports released operating data for the first quarter, and the turnover of Anta/FILA/other brands increased by 25% to 30%, respectively. The sales schedule is still progressing according to the company's plan, and the current inventory/discount situation of the company's brands has returned to a healthy level. According to the bank, looking ahead to this year, the Anta brand has abundant product/marketing resources related to the Olympics and Owen, the FILA brand's retail indicators are healthy, and the strategic dividends of top brands/products/channels will continue to be released; Descente and Kolon have grasped their respective outdoor market segments to achieve high growth. Looking forward to the report

Gelonghui FinanceApr 19 16:50

Express News | CTEP issued an apology statement for the Beijing Half Marathon

BreakingsApr 19 16:32

Teb International (1368.HK): Steady growth in Q1 logistics and continuous improvement in operation quality

Core view Under a high base, the main 24Q1 brand turnover increased by a high number of units. Among them, the offline growth rate continued to be faster than online; the discount rate was 7-75 percent off (flat year on year, improved compared to Q4), and retail inventory turnover was 4-4.5

中信建投證券Apr 19 15:21

Bank Ratings | CMB International: Maintaining Anta Sports' “Buy” Rating as the Sportswear Industry's First Choice

Glonghui, April 19 | CMB International released a report saying that Anta Sports retail sales in the first quarter were within expectations. The factors supporting this year's growth were healthy growth trends since late March; encouraging new product lines; more diversification of products and store models; and gradual improvement in retail discounts. The bank maintains its “buy” rating and continues to regard Anta as the first choice for the sportswear industry. The current price is equivalent to 16 times the projected price-earnings ratio for this year. In terms of improving the trend, the valuation is not high, and the target price remains at HK$101.73. It expects sales to grow at a compound annual rate of 13% from 2023 to 2026 and a compound annual net profit growth rate of 17%.

Gelonghui FinanceApr 19 15:20