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Pou Sheng International Schedules Financial Results Meeting
Pou Sheng Int'l (03813.HK) is planning to hold a board of directors meeting on November 11th to approve quarterly performance.
格隆汇October 14th | Pou Sheng Int'l (03813.HK) announces that the company will hold a board of directors meeting on November 11, 2024 (Monday), mainly to approve and publish the unaudited comprehensive performance of the company and its subsidiaries for the nine months ended September 30, 2024.
POU SHENG INT'L: DATE OF BOARD MEETING
These Return Metrics Don't Make Pou Sheng International (Holdings) (HKG:3813) Look Too Strong
Goldman Sachs: Gives topsports a 'neutral' rating, reduces the target price by 55% to HKD 2.7.
Goldman Sachs released a research report stating that it has given a 'neutral' rating to Topsports (06110), and significantly lowered the target price from 6 Hong Kong dollars to 2.7 Hong Kong dollars, reflecting mainly the downward adjustment of profits. Goldman Sachs stated that the downward adjustment of revenue forecast for the company's fiscal years 2025-2027 is 11%-15%, mainly due to the decrease in revenue forecast. The net profit forecast is lowered by 30%-33%, mainly based on the headwinds of gross margin, as a result of the need to digest inventory with greater discount intensity, poor channel mix, and negative operating leverage of offline store sales. In addition, Topsports has historically had a higher gross margin, and unlike Pou Sheng Int'l (03813), Pou Sheng has optimized space.
Pou Sheng Int'l (03813.HK): In August, the net comprehensive operating income was 1.321 billion yuan, a year-on-year decrease of 6.2%.
On August 2024, pou sheng int'l (03813.HK) announced that the net comprehensive operating income for this month (equivalent to total sales minus sales discounts and sales returns) was 1.321 billion yuan, a decrease of 6.2% compared to the same month last year. The net comprehensive accumulated operating income for the eight months ending August 31, 2024, was 12.567 billion yuan, a decrease of 8.8% compared to the same period last year.
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