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Hong Kong stocks are moving differently | Sporting Goods stocks are rising across the board. Institutions say the Sports Industry has a broad outlook, and the high boom in sports apparel may continue.
The shares of Sporting Goods companies rose across the board. As of the time of this report, TOPSPORTS (06110) rose by 7%, trading at 2.75 HKD; 361 DEGREES (01361) rose by 5%, trading at 4.41 HKD; LI NING (02331) rose by 3.49%, trading at 17.78 HKD; XTEP INT'L (01368) rose by 3.17%, trading at 5.86 HKD; ANTA SPORTS (02020) rose by 2.85%, trading at 84.8 HKD.
361 Degrees International (HKG:1361) Ticks All The Boxes When It Comes To Earnings Growth
Investors Will Want 361 Degrees International's (HKG:1361) Growth In ROCE To Persist
Brokerage Focus: The Pacific Securities maintains a "buy" rating on 361 degrees (01361), indicating that its performance in the weak consumer environment still leads its peers.
The Pacific Securities Research Institute issued a research report, indicating that 361 Degrees (01361) recently released the 2024Q3 retail operation data. In 2024Q3, offline adult clothing sales increased by about 10% year-on-year, offline children's clothing sales increased by about 10% year-on-year, and e-commerce sales increased by over 20% year-on-year. The sales performance met expectations. The institute mentioned that in the overall weak domestic consumer environment in 24Q3, the company's sales still achieved steady and rapid growth, leading the industry in performance. Additionally, inventory and discount indicators maintained a healthy level. Coupled with a 30%+ increase in online sales during the National Day golden week and a 20%+ year-on-year increase in offline sales, the institute is bullish on the company.
361 Degrees International Limited (HKG:1361) CEO Wuhao Ding, the Company's Largest Shareholder Sees 6.3% Reduction in Holdings Value
[Brokerage Focus] Shanxi maintains a "buy-B" rating for 361 degrees (01361), indicating that the offline channel upgrade optimization is expected to drive store efficiency improvement.
Jingu Finance | Shanxi Securities issued a research report, pointing out that in the third quarter of 2024, 361 Degrees (01361) released its company business data. In March 202403, the offline retail revenue of 361 Degrees' main brand increased by 10% year-on-year, the offline retail revenue of 361 Degrees' children's clothing brand increased by 10% year-on-year, and the online retail revenue of 361 Degrees' e-commerce platform increased by over 20% year-on-year. The bank indicated that in Q3, the offline revenue growth of the main brand continued, and the growth of the e-commerce channel was faster than that of the offline channel. Q3 retail discounts and channel inventory turnover remained stable, and the upgrade optimization of offline channels is expected to drive store efficiency improvement. The bank pointed out that in the third quarter of 2024, in the domestic consumer sector