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Domestic demand stocks are rising broadly as the government's work report draws attention to measures to expand domestic demand. China has doubled its support for the replacement of consumer goods.
Jinwu Financial News | Domestic demand stocks generally showed an upward trend today. TINGYI (00322) rose 2.63%, reporting HKD 12.48; NONGFU SPRING (09633) stock price increased by 2.42%, to HKD 36.05; China Resources Beverage (02460) was up 1.31%, reporting HKD 13.9. In the field of domestic consumption stocks, Shenzhou International Group Holdings Limited Unsponsored ADR (02313) rose 1.64%, to HKD 58.9; LI NING (02331) increased by 1.18%, reporting HKD 17.2; ANTA SPORTS (02020) rose 0.17%, reporting HKD 90.45; XTEP INT'L (01
Returns On Capital At Xtep International Holdings (HKG:1368) Have Stalled
The Apparel Manufacturing Sector is generally rising, with LI NING (02331) increasing by 3.36%. Institutions expect that apparel manufacturing and export-related companies may encounter opportunities.
Jinwu Financial News | The Apparel Manufacturing Sector has broadly risen, with LI NING (02331) up 3.36%, ANTA SPORTS (02020) up 2.58%, POU SHENG INT'L (03813) up 1.72%, Shenzhou International Group Holdings Limited Unsponsored ADR (02313) up 1.57%, XTEP INT'L (01368) up 1.36%, and TOPSPORTS (06110) up 0.93%. Ping An Securities mentioned that based on the logic of consumer recovery, the firm believes that Apparel Manufacturing and export-related enterprises may welcome opportunities, and that apparel and home goods companies venturing abroad may continue to benefit. Meanwhile, apparel brand companies may welcome a new round of valuation adjustment.
Xtep International Holdings Raises HK$985 Million via Share Placement, Bonds Issue
Announcement Highlights | Alibaba's revenue in the last quarter increased by 8% year-on-year; "Snow King" has started its IPO! The stock is priced at HKD 202.5 per share.
In the last quarter, Alibaba's Net income increased by over 300%; CHINA RES POWER's photovoltaic sales volume in January rose by 45%.
XTEP INT'L completed the placement of 90.909 million shares on a "old first, new later" basis and issued 0.5 billion Hong Kong dollars in convertible Bonds.
XTEP INT'L (01368) announced that the placement will be completed on February 12, 2025, and the subscription will be completed on February 20, 2025. According to the terms and conditions of the placement and subscription agreement, the placement agent has successfully sold a total of 90.909 million shares at a placement price of HKD 5.50 per share to no less than 6 subscribers; and on February 20, 2025, a total of 90.909 million new subscription shares (approximately 3.28% of the total issued shares as of the announcement date) will be allocated and issued to the sellers at a subscription price of HKD 5.50 per share. The total issuance amount is HKD 0.5 billion.