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Hong Kong stocks movement | TOPSPORTS (06110) dropped over 6% as Nike's revenue in the Chinese market fell significantly by 17% in the third fiscal quarter.
TOPSPORTS (06110) has fallen more than 6%, as of the time of writing, it has dropped by 6.22%, trading at 3.47 HKD, with a transaction volume of 68.642 million HKD.
[Brokerage Focus] CMB International raises TOPSPORTS (06110) rating to 'Buy' indicating that there are many catalysts in the fiscal year 2026.
Kingwo Financial News | According to the Research Reports from China Merchants International, TOPSPORTS (06110) is expected to perform better than expected in Q4 and for the entire fiscal year 2025. Based on the bank's channel survey and comments from various brand management, it is anticipated that retail sales in Q4 of fiscal year 2025 will decline by only a low single-digit percentage, showing improvement compared to the mid-single-digit decline in Q3. The bank is more optimistic about fiscal year 2026, with Industry bullish factors including: 1) continuous improvement of the macro environment; 2) reduced industry risks. Catalysts at the company level include: 1) a good start, with Adidas sales growing over 10% from January to March 2025, and Bao Sheng recorded sales during the Spring Festival and in March.
CMB International: Upgraded TOPSPORTS (06110) rating to "Buy" and raised the Target Price to HKD 4.51.
The company is expected to turn around in the fiscal year 2026, with sales increasing by 4% and net profit rising by 18%.
CMB International Upgrades Topsports International to Buy From Hold, Price Target Is HK$4.51
Hong Kong stocks movement | The decline of the Sporting Goods stocks has widened, Clothing profits will be under pressure in 2024, and Morgan Stanley is Bullish on the Industry as discounts begin to improve in the second quarter.
The decline of sporting goods stocks has widened, as of the time of writing, TOPSPORTS (06110) fell by 5.19%, priced at 3.65 Hong Kong dollars; YUE YUEN IND (00551) fell by 4.99%, priced at 12.96 Hong Kong dollars; 361 DEGREES (01361) fell by 4.79%, priced at 4.37 Hong Kong dollars; XTEP INT'L (01368) fell by 3.65%, priced at 5.28 Hong Kong dollars.
The sportswear Sector faced slight pressure with 361 DEGREES (01361) dropping by 3.49%. Morgan Stanley expects that industry discounts will begin to improve starting in the second quarter.
Jingwu Financial News | The sportswear Sector is slightly under pressure, with 361 DEGREES (01361) down 3.49%, TOPSPORTS (06110) down 2.34%, CHINA DONGXIANG (03818) down 2.30%, ANTA SPORTS (02020) down 2.14%, YUE YUEN IND (00551) down 1.76%, HONMAGOLF (06858) down 1.49%, LI NING (02331) down 1.24%, and XTEP INT'L (01368) down 1.09%. Morgan Stanley published a research report indicating that the demand for sportswear in China has shown mild improvement since the beginning of the year, and industry discounts are expected to decline from the second...
Cui Nyonya Kueh : See you tomorrow I hope
ValPhang : the graph… misleading?