XTEPY XTEP INTERNATIONAL
- 66.860
- -1.670-2.44%
XTEP INTERNATIONAL News
XTEP (1368.HK) ran steadily, and TEP Children cooperated deeply with the Tsinghua University Sports and Health Center
Recently, TEP Kids and the Tsinghua University Sports and Health Science Research Center reached an in-depth strategic cooperation to take another step in building a sports expert brand strategy. This also means that the main TEP brand further lays out the mass movement, bringing more possibilities for development. 1. Promoting better product and brand advantages First, focusing on this cooperation itself, this is a strong alliance in the field of healthy youth development. Over the decades, the Tsinghua University Sports and Health Science Research Center has promoted relevant research based on national strategic needs, innovative technology, etc., and now has 9 major research centers and 5 major laboratories, with strong scientific research capabilities. Special steps for children, 1
Changes in Hong Kong stocks | Teb International (01368) fell more than 4%, and the company plans to divest KP to reduce delays. Related transactions have not been completed
The Zhitong Finance App learned that TEP International (01,368) fell by more than 4%. As of press release, it was down 4.06% to HK$5.44, with a turnover of HK$4.0893 million. According to the news, Trap International previously announced that it plans to sell the Gestway and Palatin brands for 150 million US dollars to reduce the burden of brand losses. After the sale is completed, the company's board of directors plans to pay a special dividend of approximately US$150 million to give back to investors. Tianfeng Securities pointed out that after the divestiture of the brand, financial performance is expected to be further optimized. At the same time, the business side will focus more on running tracks, and Saucone and Millet are expected to accelerate growth. Consider that the deal hasn't been completed
Express News | Amway Co., Ltd.: The order situation and growth rate for TPU products in the first quarter were good, and I am confident that it will achieve relatively rapid growth throughout the year
Teb International (01368.HK): Divestment of KP to reduce drag, focus on running and set sail lightly
It plans to sell the Gestway and Paladin brands for 150 million US dollars to reduce brand losses and drag down the company's previous announcement to strategically sell KP Global Investmen, a wholly-owned subsidiary of the Gestway and Palatin brands
Teb International (01368): Red Sun Capital was appointed as an independent financial advisor
Teb International (01368) announced that Hongri Capital Co., Ltd. has been appointed as an independent financial advisor to discuss the share purchase agreement...
XTEP INT'L: (1) SUPPLEMENTAL INFORMATION TO THE ANNOUNCEMENT DATED 9 MAY 2024 AND (2) APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER
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;
Unveiling 3 Premier Dividend Stocks Yielding Up To 7.5%
Analysts Offer Insights on Consumer Cyclical Companies: Xtep International Holdings (OtherXTPEF), Home Depot (HD) and Dollar General (DG)
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
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