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Memo for next week.
On November 11 (Monday), the holiday markets in the USA, France, and Canada are closed. Reserve Bank of New Zealand's fourth-quarter inflation expectations for the next two years: previous value 2.03%. Japan's October banks (including trusts) lending rate: previous value increased by 2.7%. Japan's September trade account: predicted deficit of 66.2 billion yen; previous deficit of 377.9 billion yen. Japan's September current account: predicted surplus of 3.4327 trillion yen; previous surplus of 3.8036 trillion yen. Japan's October economic observers' current situation index: predicted 47.1; previous value 47.8. Japan's October economic observers' future outlook index: predicted 49.2; previous value 49.7.
yue yuen ind (00551.HK) canceled 3.632 million shares for buyback on November 6.
On November 6, Gelonhui reported that yue yuen ind (00551.HK) announced the cancellation of 3.632 million shares buyback on November 6, 2024.
Zheshang's third-quarter report on textile outfits: The resilience of functional clothing is highlighted, and textile manufacturing growth is steady as scheduled.
Retail is under pressure, the leading functional clothing shows growth resilience.
haitong int'l: Operating stable or performing well in selected sports brands, paying attention to strong Alpha on the manufacturing side.
Since July, the retail year-on-year growth rate of the sports brand has shown a monthly improvement trend; on the manufacturing side, overseas exports in Q3 of 24 accelerated overall compared to Q2.
European stocks: Adidas earned more than 70% in the last quarter, with sales in Greater China rising 9%.
German sports brand Adidas released its third-quarter performance on Tuesday (29th), with sales up 7.3% year-on-year to 6.438 billion euros, up 10% excluding forex effects. Operating profit increased by 46% year-on-year to 0.598 billion euros. Quarterly net profit rose by 70.9% year-on-year to 0.443 billion euros. Excluding forex effects, sales in its Greater China region increased by 9% year-on-year to 0.946 billion euros in the last quarter. Despite a 7% year-on-year drop in North American sales to 1.36 billion euros last quarter, excluding the Yeezy series, the sales actually increased year-on-year. In October 2022, the company announced a collaboration with the American rapper
Major rating | Lyon: Raises yue yuen ind's target price to 21 Hong Kong dollars, maintains 'outperform market' rating.
Glory 29th October｜Lyon issued a research report stating that Yue Yuen Ind recently announced profit joy for the first nine months of this year. Due to the strong performance in the manufacturing business, both the third quarter and first nine months of this year's net income exceeded market expectations, increasing by 170% to 183% and 140% to 145% respectively. As for the full year of 2024, Lyon still believes that the outstanding performance of Yue Yuen's manufacturing business will be a key driver for the company's sales and gross margin improvement. On the other hand, due to the challenging retail environment, Yue Yuen's retail trade should continue to be affected. Lyon is bullish on Yue Yuen Ind, mainly based on its attractive prospects.
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