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

Gelonghui Finance16:35

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

Zhitong Finance11:37

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.

Zhitong Finance10:17

Anta Sports (2020.HK): Excellent results in 2023, 24 years of continuous growth

Incident: Anta Sports 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 joint ventures)

東興證券10:06

Changes in Hong Kong stocks | Yuyuan Group (00551) opened more than 9% higher after profit, and net profit for the first quarter is expected to increase by more than 95% year-on-year

The Zhitong Finance App learned that Yuyuan Group (00551) opened more than 9% after profit. As of press release, it had risen 9.05% to HK$13.5, with a turnover of HK$5.197,500. According to the news, Yuyuan Group announced that profit attributable to company owners for the three months ending March 31, 2024 is expected to increase by about 95% to 100% year-on-year. Profit for the same period last year was $50.8 million. It has mainly benefited from the gradual recovery of the global footwear industry and the normalization of orders, which have led to improvements in capacity utilization and production efficiency, as well as support from the low base period effect. In addition, a portion of an associated company was sold during the period

Zhitong Finance09:24

361 DEGREES To Go Ex-Dividend On April 29th, 2024 With 0.139 HKD Dividend Per Share

April 26th - $361 DEGREES(01361.HK)$ is trading ex-dividend on April 29th, 2024. Shareholders of record on April 30th, 2024 will receive 0.139 HKD dividend per share on May 17th, 2024. The ex-divi

Futu News08:45