Major rating丨Daiwa: Upgraded XTEP INT'L Target Price to 7 Hong Kong dollars. Management is optimistic about this year's outlook.

Daiwa published a report indicating that XTEP INT'L's main brand retail sales recorded high single-digit growth year-on-year at the end of last year, in line with expectations, while its brand Saucony maintained approximately 50% year-on-year growth. The report stated that even before disclosing last year's annual performance in March, the company would not provide specific guidance for this year; however, given the current sales momentum and the strong growth outlook for Saucony under the Chinese government's stimulus measures, management seems optimistic about this year's outlook. The firm confirmed a "Buy" rating for XTEP primarily due to the strong outlook for Saucony and the divestiture of K-Swiss and Palladium.

Gelonghui Finance21:37 ET

CITIC Securities: Maintains XTEP INT'L 'Outperform Industry' rating, raises Target Price to HKD 6.9.

CICC has released a research report stating that it maintains XTEP INT'L (01368) with an "outperform the industry" rating. Considering the completion of the separation of the Gaiswei and Paladin brands, the company's profit loss is reduced. The forecast for 2024 EPS is raised by 4% to 0.46 yuan, while the EPS forecast for 2025 remains at 0.52 yuan, with the introduction of a 2026 EPS forecast of 0.59 yuan. The valuation is switched to 2025, with a slight increase of 3% to a Target Price of 6.9 HKD. The company's announcement for the 4Q24 Operation performance: the main XTEP brand's retail sales increased by high double digits year-on-year, with retail discounts of 70% to 75%; the Saucony brand's retail sales grew by approximately 50% year-on-year.

Sina Hong Kong stocks20:34 ET

Xtep International Retail Sell-Through in High-Single-Digits in Q4 for Core Brand

MT NewswiresJan 8 22:28 ET

【Hong Kong Stock Connect】XTEP INT'L (01368) rose 3.24%. Last year, the retail sales of XTEP's main brand grew by a high single digit year-on-year.

Jingwu Financial News | XTEP INT'L (01368) fluctuated and strengthened, as of the time of reporting, it rose by 3.24%, priced at 5.73 HKD, with a transaction volume of 25.59 million HKD. On the news front, XTEP INT'L announced its operational status for the three months ending December 31, 2024. During this period, the retail sales of XTEP's main brand (including online and offline channels) increased by high single digits year-on-year; Saucony's retail sales (including online and offline channels) grew by approximately 50% year-on-year. For the whole year, the retail sales of XTEP's main brand increased by high single digits year-on-year; Saucony's retail sales rose by over 60% year-on-year. Huayuan Securities stated that XTEP INT'L is a leading domestic company.

Jinwu Financial NewsJan 8 21:39 ET

Xtep International Holdings Reports Strong 2024 Growth

TipRanksJan 8 19:07 ET

XTEP INT'L (01368.HK): In 2024, the retail sales of the main brand in mainland China achieved a high single-digit year-on-year growth.

On January 9, Gelonghui reported that XTEP INT'L (01368.HK) announced the operational status of its business in mainland China for the fourth quarter and the whole year of 2024. In the fourth quarter of 2024, XTEP's main brand retail sales growth (including online and offline channels) achieved a high single-digit year-on-year growth, with retail discount levels ranging from 70% to 75%. Saucony's retail sales growth (including online and offline channels) achieved approximately 50% year-on-year growth. For the entire year of 2024, XTEP's main brand retail sales growth (including online and offline channels) also achieved high single-digit year-on-year growth, with channel inventory turnover of about four months.

Gelonghui FinanceJan 8 18:48 ET