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HAITONG INT'L: First coverage on TOPSPORTS with an 'Outperform' rating and a Target Price of HKD 3.79.
HAITONG INT'L released a research report stating it has initiated coverage on TOPSPORTS (06110) with an "outperform" rating, expecting the company's consolidated Net income for FY2025-FY2027 to be 1.325/1.8/2.152 billion yuan respectively, with a Target Price of HKD 3.79 per share. The company is consolidating its Block Orders Operation and accelerating its layout in niche prosperous tracks. It is advancing comprehensive retail, optimizing Operation efficiency, and continuously returning to Shareholders with abundant Cash inflow and a high and stable dividend rate. HAITONG INT'L's main points are as follows: FY25Q3 sales improved sequentially. FY25Q3 (from September 2024 to January 2025)
In November, pou sheng int'l (03813.HK) had a total operating income net of 1.235 billion yuan, a year-on-year decrease of 11.9%.
On December 10, Gelonghui reported that pou sheng int'l (03813.HK) announced its net comprehensive operating revenue for November was 1.235 billion yuan, a decrease of 11.9% compared to the same month last year. The company's cumulative net comprehensive operating revenue for the eleven months ending November 30, 2024, was 16.94 billion yuan, down 8.4% compared to the same period last year.
Express News | Pou Sheng International - November Net Consolidated Operating Revenue RMB1.24 Bln
[Brokerage Focus] Guosen maintains the "outperform market" rating on Pou Sheng Int'l (03813), expecting its fourth-quarter sales to improve sequentially.
Jinwu Financial News | Guosen Securities research indicates that due to the weak domestic retail environment, Pou Sheng Int'l (03813) reported a 10.8% year-on-year decline in third-quarter revenue to 4 billion yuan; net income attributable to the parent company increased by 40.0% year-on-year to 0.01 billion yuan. The discount rate remained stable year-on-year in the third quarter, and the gross margin increased by 1.5 percentage points year-on-year to 33.5%. In terms of expenses, the company actively sought to reduce rent charges, closed underperforming stores, and improved labor efficiency, resulting in a 7.8% year-on-year reduction in total sales and management expenses to 1.37 billion yuan for the third quarter; however, the proportion of fixed costs increased due to the decline in revenue, leading to a rise in sales/management expense ratios respectively.
Guosen: Maintains pou sheng int'l "outperform market" rating, target price lowered to HKD 0.59-0.69.
Guosen has released a research report stating that it maintains a "bullish" rating on Pou Sheng Int'l (03813), based on significant short-term retail environment pressures, slightly adjusting its profit forecast, expecting net income for 2024-2026 to be 0.49/0.62/0.76 billion yuan, year-on-year -1%/+27%/+23%; lowering the target price to 0.59-0.69 Hong Kong dollars. There is optimism for short-term profit improvement and sustainability of medium to long-term growth momentum. Looking ahead, even though short-term revenue growth is pressured by weak consumer power, profit margins are expected to continue improving on a foundation of healthy inventory and stable discounts. Guosen mainly.
Pou Sheng International (Holdings) Limited (HKG:3813) Interim Results: Here's What Analysts Are Forecasting For This Year
Results: Pou Sheng International (Holdings) Limited Exceeded Expectations And The Consensus Has Updated Its Estimates
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