Teb International (1368.HK): Divestment of KP to improve performance and focus on the running market
The incident describes the divestment of KP Global (Fashion Sports Division) from Tektronix International. Trap issued an announcement. 1) In 2019, Trap International acquired Gashway and Paladin brands for US$260 million to establish the fashion sports division KP
Daehan Rating | Daiwa: Raising Special Step's Target Price to HK$6.7 to Maintain “Buy” Rating
Glonghui, May 21 | Yamato published a report, quoting Special Step management as saying that retail sales have recorded year-on-year growth since the second quarter, with improvements in discount levels and channel inventory. This year's overall revenue growth guide of more than 10% remains unchanged, and the revenue of the Saugone & Merrell brand has increased 30% to 40%. The bank maintains its “buy” rating and believes that after selling K-Swiss and Palladium, profit visibility will improve significantly, driving up profit forecasts and rating revaluation. The target price was raised from HK$6 to HK$6.7.
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.
Teb International (1368.HK): Divestment of KP's loss-making business to focus on running tracks
Strategic divestment of KP Global to optimize the financial structure. The company recently announced 1) the strategic sale and privatization of KP Global (Gashway and Palatin brands) at a transaction price of US$151 million;
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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.
Teb International (1368.HK): Proposed divestment of KP GLOBAL will help profit side in the short term
Teb International plans to divest KP Global's loss-making business; after the divestment is completed, we expect the 2024 revenue/net profit to mother to increase 9.0%/24.8% year-on-year, respectively, to 156.4/1.29 billion yuan; maintain purchases
Teb International (01368) proposes to declare a special dividend
Teb International (01368) issued an announcement recommending the declaration of a special dividend.
Research Nuggets | CICC: Maintaining Special Step's “Outperforming the Industry” Rating and Raising the Target Price to HK$6.58
GLONGHUI, May 13 | CICC released a research report stating that TEP plans to sell KP Global, which owns K-Swiss (K-Swiss) and Palladium (Palladium) brands, to the controlling shareholder Ding's family for US$151 million. After the transaction is completed, the company plans to declare a special dividend. The bank said that if the deal can be implemented, it is expected that the company's profitability will improve markedly. Additionally, after KP Global issues convertible bonds to the company, it is estimated that the company will receive more than 5 million US dollars of interest income from KP Global every year. After deducting interest payments, the company may receive an additional 20 million dollars
XTEP(1368.HK):HUGE BOOST IN SHORT RUN GROWTH WITH HIGH YIELD
Overall, we find the arrangement accretive (thus revising up FY24E-26E NP by 2%
Teb International (01368HK) Follow-up Review: Selling Fashion Sports to Improve Performance and Distribute Special Dividends to Strengthen Shareholder Returns
On May 9, the company announced that it plans to strategically sell KP Global, which owns the “Gestway” and “Paladin” brands, to the majority shareholder Ding's family for US$151 million, and use all of the proceeds of US$151 million
Teb International (1368.HK): Plans to divest Gastway and Palatin brands to focus on the development of main brands and Sauconi
The core view is that the company continued to lose money after acquiring KP Global of the “Gastway” and “Paladin” brands in 2019 (net profit after tax was -0.23 and -0.32 billion US dollars in 22/23, loss in 24Q1
CICC: Maintaining the target price of TEP International (01368.HK) “outperforming the industry” rating and raising the target price to HK$6.58
CICC released a research report stating that it maintains the “outperforming industry” rating of TEP International (01368.HK) 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.
Teb International (001368.HK) Hong Kong Stock Company Information Update Report: Plans to divest KP to improve profits and focus on the development of the three major brands in the running market
It is proposed to divest KP to improve profits, focus on developing the three major brands in the running market, and maintain the “buy” rating. The company plans to strategically sell KP (holding Gashway and Palatin brands) to the controlling shareholder Ding Shuibo family for US$151 million. The proceeds will be all
Teb International (1368.HK) Incident Review: Proposed Divestment of KP Assets to Pay Special Dividends
Investment advice: Considering that plans such as share acquisitions and convertible bond issuance have not yet been implemented, we expect the company's net profit to mother for 2024-2026 to be 11.6/13.1/1.48 billion yuan. The current stock price corresponds to PE points
Teb International (01368.HK): Proposed divestment of loss-making business or significant improvement in profitability
Company News 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 $151 million. Review
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 (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.
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