06110 TOPSPORTS
- 5.420
- +0.020+0.37%
TOPSPORTS News
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
滔搏：董事會會議通告
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%.
Changes in Hong Kong stocks | Frequent collective recovery policies in sporting goods stocks are expected to improve the consumer environment, and outdoor activities in spring will gradually break the circle
Sporting goods stocks generally rose in early trading. As of press release, Teb International (01368) rose 5.4% to HK$4.49; Anta Sports (02020) rose 3.89% to HK$78.75; Li Ning (02331) rose 2.2% to HK$20.9; and Taobo (06110) rose 1.73% to HK$5.28.
A quick overview of the Hong Kong market | Tech Index rose nearly 3%, Station B rose more than 11%, Meituan rose more than 5%, and Tencent rose more than 3%
Most auto stocks strengthened; Xiaopeng rose nearly 6% and BYD rose 5%; photovoltaic stocks rose again, with Xinyi Solar Energy up more than 11%, Follett Glass up more than 10%; sporting goods stocks improved, and Li Ning rose more than 6%.
Taobo (06110.HK): Building Barriers to Efficiency, Reshaping Valuation and Growth
The undervaluation in the industry comes from poor market perception. Retailers with alpha valuations can be improved. Maintaining “buy” ratings, the valuation level is relatively low. It is still in a phase of fluctuation and recovery after being affected by the BCI incident and the epidemic, partly due to poor market perception.
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