Express News | Anta Sports and others established Xiamen Sports Port Sports Co., Ltd. with 100 million yuan
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
This week's bullish stocks in Hong Kong | AI models are in the spotlight! Shangtang's stock price doubled this week; Kewang stocks took the lead, and Kuaishou rose more than 27% weekly
The volume of the three major indices surged this week, and the “beef flavor” is getting stronger. The Hang Seng Index rose more than 13% during the week, while the Hang Seng Index and the State-owned Enterprises Index both rose for five consecutive days.
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
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
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.