06110 TOPSPORTS
- 5.750
- -0.030-0.52%
TOPSPORTS News
Changes in Hong Kong stocks | Taobo (06110) rose more than 5%, institutions are optimistic about its profit growth in FY2024, and the performance of major brands will improve steadily
The Zhitong Finance App learned that Taobo (06110) rose by more than 5%. As of press release, it had risen 5.43% to HK$5.82, with a turnover of HK$50,185,800. According to the news, Taobo previously announced that it will announce its annual results up to the end of February 2024 on May 22. Bank of America Securities released a research report saying that the Group's profit after tax is expected to increase 22% year-on-year to 2.2 billion yuan, revenue is expected to increase 8%, and the net profit margin will expand by 90 basis points. Revenue was mainly driven by the expansion of the size of the store and the improvement of sales efficiency. It is estimated that in the second half of the 2024 fiscal year, store expansion is expected to be corrected. Zhongjin, on the other hand, said that the fight was over
Bank Rating | Bank of America: Lowering Taobo's Target Price to HK$7.3 and Reiterates “Buy” Rating
Glonghui, May 8 | Bank of America Securities published a research report to lower Taobo's earnings per share forecast for the 2024 and 2025 fiscal years by 8% and 7%, respectively. It is mainly based on factors such as lower revenue assumptions due to the restructuring of its Neo stores and lower than expected traffic recovery speed. The bank believes that Taobo's multi-brand portfolio strategy enables the company to effectively capture the needs of different customers for its brands and products; Taobo's profit margin is flexible, mainly due to brand support and greater efficiency brought about by strong retail operation capabilities; and that Taobo is the most valuable brand in the sportswear industry, with a dividend rate of 7%. Based on the above factors, Bank of America Securities will
Damo: Target price for Taobo (06110) “increase in holdings” rating reduced to HK$7
Damo expects sales of Taobo (06110) to increase 7% per year in 2024-2026
Taobo (06110.HK): FY24 is expected to end steadily, looking forward to FY25's growth acceleration
Forecast FY24's net profit of 2.23 billion yuan, up 21.3% year on year. We expect the company's FY24 (March 2023 to February 2024) revenue of 29.3 billion yuan, up 8.1% year on year; net profit to mother
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Big Bank Rating | Citibank: Lowering Taobo's Target Price to HK$8.3 to Maintain “Buy” Rating
Gelonghui, April 28 | Citibank released a report stating that at the end of May, Taobo will disclose the results for the 2024 fiscal year ending the end of February this year. The bank expects the company's net profit to increase 21% year-on-year to 2,231 billion yuan, revenue forecast to increase 8%, and gross profit expand. The bank's net profit forecast for Taobo's 2024 fiscal year is basically unchanged, but the industry's growth is expected to slow down, and the forecast for fiscal year 2025 and 2026 is lowered by 7% and 11%, respectively. Furthermore, the bank indicates that Taobo has benefited from the continued increase in market share of international brands. The company's revenue for fiscal year 2025 and fiscal year 2026 is expected to increase by 11% and 10%, surpassing the industry level. This line
Changes in Hong Kong stocks | Taobo (06110) fell more than 4% in the intraday period, HSBC indicates that its growth is slowing down or becoming normal, and the net profit forecast for the whole year falls
Taobo (06110) fell more than 4% in the intraday period. As of press release, it was down 3.2% to HK$5.15, with a turnover of HK$16.652 million.
Intraday Overview | Hong Kong stocks continue to rise! The Tech Index rose more than 2%, and Tech Net stocks had the highest gains
Kuaishou rose more than 6%, JD and Meituan rose more than 5%, Tencent and Bilibili rose nearly 3%, and Baidu, Alibaba, and Xiaomi rose about 2%.
Changes in Hong Kong stocks | Sporting goods stocks rose ahead of the Olympic year and may continue to catalyze resilient sports demand in the sports sector
Sporting goods stocks had the highest gains. As of press release, Anta Sports (02020) rose 4.41% to HK$85.2; Pou Sheng International (03813) rose 3.28% to HK$0.63; Taobo (06110) rose 3.16% to HK$5.23; and TEP International (01368) rose 1.83% to HK$4.45.
Hong Kong Stock Afternoon Review | The three major indices rose sharply, insurance stocks strengthened, and China Taibao rose more than 6%
Auto stocks rose many times; Xiaopeng Motor rose more than 3%, Geely Auto rose more than 2%; sporting goods stocks generally rose, Anta Sports rose nearly 5%, and Taobo rose nearly 4%.
Intraday Overview | Hong Kong stocks continued to rise. The three major indices all rose by about 1%, and insurance and aviation stocks had the highest gains
Sporting goods stocks rose, with Anta Sports and Taobo up more than 3%, and Special Step up more than 2%; insurance stocks generally rose; China Ping An and China Financial Insurance rose about 4%; aviation stocks strengthened, and China Southern Airlines rose about 5%.
Taobo (6110.HK): Undervaluation, high dividends, and high-quality fundamentals bring strong defense
We believe that Taobo's short-term weak revenue performance is basically reflected in stock prices. At the same time, we believe that the company's current low valuation level and high dividend ratio, combined with its excellent fundamentals and cash flow, provide strong defense for Taobo's stock price and can be supported
A quick look at the Hong Kong market | The three major indices rose collectively. The Hang Seng Index rose more than 2%. Technet stocks and petroleum stocks were doing well. Xiaomi rose nearly 9%, and CNPC rose nearly 7%
Gold stocks rose collectively. Shandong Gold rose nearly 9%, and Lingbao Gold rose more than 7%; sporting goods stocks rose by more than 6%; gaming stocks rose by more than 5%; Wynn Macau rose by more than 5%, Sands China Co., Ltd. and Galaxy Entertainment rose more than 4%; many copper stocks rose, Wanguo International Mining rose nearly 13%, and Jiangxi Copper shares rose 6%.
A quick overview of the Hong Kong market | Ideal rose by more than 4%, NIO fell by more than 5%; Tencent Music's performance surged 11% after that
Technology network stocks generally rose, with Bilibili rising by nearly 3%; domestic housing stocks and property management stocks rose partly; Country Garden Services and China Overseas Development rose about 1%; shipping stocks improved, and Dongfang Overseas International and COSCO Marine Energy rose about 3%.
Hong Kong Stock Afternoon Review | Ideal rose by more than 4%, NIO fell by more than 5%; sporting goods stocks were doing well, Li Ning rose more than 6%
Science and network stocks rose mixed. Bilibili and NetEase rose more than 1%, while Xiaomi fell nearly 3%; domestic housing stocks and property management stocks strengthened; Xuhui Holdings and Country Garden Services rose more than 1%; petroleum stocks rose again, and CNOOC rose nearly 2%.
Changes in Hong Kong stocks | Sporting goods stocks had the highest gains, some brands showed positive performance, institutions suggested focusing on outstanding performance and promising opportunities
Sporting goods stocks had the highest gains. As of press release, Li Ning (02331) rose 6.65% to HK$21.65; Tep International (01368) rose 4.44% to HK$5.17; Anta Sports (02020) rose 4.18% to HK$81; and Taobo (06110) rose 2.8% to HK$5.5.
Intraday Overview | The three major indices rose collectively, and Tencent Music's performance later rose more than 9% to a record high
The trend of TechNet stocks diverged. Bilibili rose more than 2%, Tencent and Kuaishou rose slightly; sporting goods stocks strengthened, with Li Ning rising nearly 6%, TEP International up more than 4%, Taobo up more than 3%, Anta Sports up nearly 3%, and 361 degrees up more than 1%.
Changes in Hong Kong stocks | Taobo (06110) fell more than 6%, and Nike, a major customer of the company, will deliver results for the third fiscal quarter, and the market expects revenue to decline
Taobo (06110) fell more than 6%. As of press release, it was down 6.46% to HK$5.36, with a turnover of HK$28.238,200.
A quick look at the Hong Kong market | Tech Index has entered a technical bull market; Xiaomi rose more than 11%, and Longhu Group rose more than 14%
Auto stocks had the highest gains. BYD and Xiaopeng rose more than 6%, and NIO rose more than 5%; domestic insurance stocks rose, China Ping An rose nearly 6%; sporting goods stocks generally rose, and Li Ning rose more than 8%.
Hong Kong Stock Afternoon Review | Tech Index rose 3%, Xiaomi rose more than 9%; domestic housing stocks continued to rise, Xuhui Holdings rose nearly 9%
Auto stocks rose again, with Xiaopeng up more than 6% and NIO by more than 4%; pharmaceutical stocks showed strong performance, with Pharma Ming Kangde rising more than 6%; sporting goods stocks collectively rallied, and TEP International rose more than 6%.
Analysis
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