Deutsche Bank: Raised XTEP INT'L Target Price to 7 HKD, last year's net profit meets expectations.

Deutsche Bank released a Research Report stating that XTEP INT'L (01368) earned revenue of 13.577 billion RMB from its continuing operation business last year, which represents a year-on-year increase of 6.5%, slightly below the company's guidance of high single digits to 10%. Net profit reached 1.238 billion RMB, a record high, with a year-on-year increase of 20%, in line with market expectations. The bank holds a cautious outlook on XTEP's main brand and is more bullish on Saucony. It also revised its earnings per share forecast down by 3 to 12% for 2025 to 2026, raising the Target Price from 6.4 HKD to 7 HKD, with a rating of 'Buy.'

Sina Hong Kong StockMar 24 03:54 ET

CITIC Lyon: Raises XTEP INT'L Target Price to HKD 5.9, maintains "Outperform the Market".

Citi Research has released a report stating that it has increased the Target Price of XTEP INT'L (01368) by 3.5%, from HKD 5.7 to HKD 5.9, maintaining a rating of "Outperform." The bank noted that XTEP's sales and net profit for the fiscal year 2024 are in line with its expectations. XTEP's guidance indicates positive growth in group sales, with net profit increasing by over 10% following the sale of KPGlobal. The sales guidance for the professional sports sector indicates a growth of 30-40%. Looking ahead to 2025, the transformation of XTEP's brand towards a Direct-to-Consumer (DTC) business model, the simplification of channel structure, and overseas expansion are strategic priorities. The sales of the Saucony brand reached 1 last year.

Sina Hong Kong StocksMar 24 01:33 ET

J.P. Morgan: Slightly raised the Target Price for ANTA SPORTS to 140 Hong Kong dollars, maintaining a Shareholding rating.

JPMorgan released a Research Report stating that it has raised the Target Price for ANTA SPORTS (02020) by 1.4%, from HKD 138 to HKD 140, maintaining a "Shareholding" rating and increasing the company's profit forecast for 2025-2026 by 1-3%. JPMorgan believes that ANTA's core earnings will grow by 17% year-on-year in 2024, which is in line with expectations, while its peer XTEP INT'L (01368) will grow by 4%. JPMorgan remains confident in ANTA’s increasing market share, including: 1) 2025 sales guidance: core ANTA/Fila brands expected to achieve high single-digit/mid single-digit growth; 2) 2025 operating profit margin guidance: ANTA is at 2.

Sina Hong Kong StocksMar 20 03:33 ET

[Brokerage Focus] Guosen Securities maintains a "Buy" rating on XTEP INT'L (01368), Bullish on the main brand's advantage in the running category for steady sales growth.

Jinwu Financial News | Guosen Securities issued a Research Report stating that XTEP INT'L (01368) expects a 6.5% year-on-year increase in revenue for 2024, reaching 13.577 billion yuan, and a 20.2% increase in Net income year-on-year, amounting to 1.238 billion yuan. If the impact of a one-time tax expense of 75 million and a loss of 67 million from the KP spin-off in 2024, as well as a loss in 2023, are excluded, the growth rate of Net income would be 10%. By brand, the main brand shows steady revenue growth of +3.2% year-on-year; the professional sports brand has remarkable growth of +57.2% year-on-year. By category, Footwear revenue increased by 15.9%, while the Outfits category saw a decline of 5.7%.

Jinwu Finance NewsMar 20 03:33 ET

Nomura Adjusts Xtep International Holdings' Price Target to HK$7.90 From HK$7.50, Keeps at Buy

MT NewswiresMar 19 05:16 ET · Ratings

Goldman Sachs: Assigns XTEP INT'L a "Buy" rating with a Target Price of 7 HKD.

Goldman Sachs released a Research Report stating a 'Buy' rating for XTEP INT'L (01368) with a Target Price of HKD 7, and made minor adjustments of 1% to 2% to their earnings forecast for XTEP for the 2025 to 2026 fiscal year, mainly reflecting slightly lower sales expectations. Goldman Sachs pointed out that the ongoing business revenue for XTEP in the second half of the 2024 fiscal year is basically in line with forecasts; gross margin is slightly below expectations. However, due to a reduction in sales, general and administrative expenses, the operating profit/core Net income for the period is 7% and 1% higher than predicted, respectively. The firm cited XTEP's management expecting the company's Net income for the 2025 fiscal year to achieve over 10% year-on-year growth, and

Sina Hong Kong StockMar 19 05:02 ET