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[Brokerage Focus] Guosen Securities maintains a 'outperform the market' rating on 361 degrees (01361), expecting to continue leading the industry growth rate in the fourth quarter.
Jingu Finance News | Guosen Securities issued a research report pointing out that 361 degrees (01361) announced the retail performance for the third quarter of 2024. The offline retail sales of 361 degrees' main brand recorded a positive growth of 10%, while the offline retail sales of the children's clothing brand recorded a positive growth of 10%, and the e-commerce platform recorded a positive growth of 20%. The firm stated that the third quarter's industry consumer environment is full of challenges, with the company's revenue still maintaining steady growth. It continues to launch market-competitive new running shoe products, with stable inventory-to-sales ratio and discount rates on a month-on-month basis. With the approach of the National Day and the peak consumption season, the industry trend is improving, and we are bullish on the company continuing to maintain industry-leading growth rates in the fourth quarter. The company
CICC: Maintains the "outperform industry" rating for 361 degrees (01361), with the target price raised to 5.2 Hong Kong dollars.
CICC forecasted earnings per share for 361 Degrees (01361) in 2024/25 to be 0.52/0.6 yuan.
361 Degrees Welcomes New Board Member
361 Degrees International Reveals Board Update
361 degrees (01361.HK): Ferheen Mahomed has been appointed as an independent non-executive director.
Grst October 15th丨361 degrees (01361.HK) announced that Ferheen Mahomed has been appointed as an independent non-executive director and a member of the Nomination Committee of the company, effective from October 15, 2024.
361 degrees (01361.HK): 361°'s main brand products recorded a year-on-year retail sales growth of about 10% in the third quarter.
Great Wisdom Report October 14th | 361 degrees (01361.HK) announced that the main brand products of 361 degrees recorded a positive growth of about 10% in retail sales (calculated at retail value) in the third quarter of 2024 compared to the same period in 2023. The children's clothing brand products of 361 degrees recorded a positive growth of about 10% in retail sales (calculated at retail value) in the third quarter of 2024 compared to the same period in 2023. The overall revenue of 361 degrees' e-commerce platform in the third quarter of 2024 recorded a positive growth of over 20% compared to the same period in 2023. During the third quarter of 2024, 361 degrees
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