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Hong Kong stocks surged | Sporting goods stocks collectively rose, the Olympics boosted sporting goods sales, and the sales growth rate in July turned positive from negative.
Sporting goods stocks are collectively rising. As of the time of writing, 361 degrees (01361) has increased by 3.72% to HKD 3.62; Anta Sports (02020) has increased by 3.48% to HKD 71.45; Topsports (06110) has increased by 3.17% to HKD 2.93; Xtep Int'l (01368) has increased by 1.38% to HKD 5.13.
361 DEGREES: INTERIM REPORT 2024
Analysts Have Been Trimming Their 361 Degrees International Limited (HKG:1361) Price Target After Its Latest Report
Brokerage Tianfeng Securities maintains a buy rating on 361 Degrees (01361), expecting it to continue benefiting from the growth of e-commerce channels and product R&D upgrades.
Tianfeng Securities published a research report that 361 Degrees (01361) had a revenue of 5.14 billion RMB in 1H24, a year-on-year increase of 19.2%; net profit attributable to equity holders was 0.79 billion RMB, a year-on-year increase of 12.2%; gross margin was 41.3%, a year-on-year decrease of 0.4 percentage points; net margin attributable to equity holders was 15.4%, a year-on-year decrease of 0.9 percentage points. Basic earnings per share were 38.2 RMB cents, a year-on-year increase of 12.4%. A dividend of 16.5 Hong Kong cents was declared with a payout ratio of 40.3%. According to the report, the company's e-commerce business revenue for 1H was 1.25 billion RMB, a year-on-year increase of 16.1%, accounting for 24.4%. With regard to the e-commerce business
Swhy: The demand resilience is highlighted in 361 degrees (01361) 2024 interim report, maintaining a "buy" rating.
The company has long been deeply involved in the sports track, and the brand and product capabilities continue to improve. Swhy is bullish on its future growth prospects.
Hong Kong stock market changes | 361 degrees (01361) rose more than 3%. Shareholders' attributable surplus for the first half of the year increased year-on-year. Institutions pointed out that the current price valuation is relatively attractive.
361 degrees (01361) rose more than 3%. As of press time, it increased by 3.46% to HKD 3.59, with a turnover of HKD 3.8109 million.
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