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Xtep Int'l (1368.HK): Improvements in inventory discounts for main brands in Q2 of 2024.
The main brand's revenue growth is steady, with a improved discount ratio and channel inventory recovering to healthy levels before the epidemic. In 2Q4, the retail revenue of the main brand increased by 10% year-on-year (23Q2: high double digits, 24Q1: high single digits), and the retail discount is about 75% off.
CITIC Securities is bullish on Xtep International (01368) as its financial performance has improved after the spin-off of KP, and maintains a "buy" rating.
CICC International expects xtep int'l to have net profit attributable to shareholders of 1.21 billion RMB, 1.41 billion RMB and 1.65 billion RMB for the years 2024-2026.
Xtep International Holdings Insiders Added CN¥64.0m Of Stock To Their Holdings
Xtep Int'l (1368.HK): Operation efficiency improves. E-commerce and professional sports stand out.
In Q2 2024, the main brand revenue increased by 10%, showing operational resilience during the weak market. On July 11th, Xtep Int'l released its Q2 and H1 2024 operation status in China, with its main brand revenue increasing by 10% and high unit numbers respectively compared to the same period last year.
Hong Kong stock market concept tracking: With the Olympic opening ceremony approaching, the sports footwear and apparel industry benefits from the "Olympic consumer" trend. (List of concept stocks)
At 1:00 pm local time on July 14th, the 2024 Paris Olympic torch began to be relayed in Paris. The relay in Paris will last for two days.
CITIC Securities: Xtep International (01368) Q2 2024 revenue performance meets expectations, maintaining a "Buy" rating.
Changjiang Securities predicts that xtep int'l (01368) will achieve a net profit attributable to shareholders of 1.17 billion, 1.33 billion, and 1.48 billion yuan respectively in the years 2024-2026.
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