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Xtep International Declares Interim Dividend
Xtep Int'l (01368) will distribute an interim dividend of HKD 0.156 per share on October 30th.
Xtep Int'l (01368) announced that the company will pay a mid-term dividend of HKD 0 per share on October 30, 2024.
特步國際:二零二四年中期報告
Hong Kong stocks rebounded in sporting goods stocks, with multiple stocks rising more than 4%. The General Administration of Sports proposed to cultivate more world-class sports enterprises.
The sporting goods stocks continued to rebound in the near term. As of the time of writing, Shenzhou International Group Holdings Limited unsponsored adr (02313) rose by 4.22% to 59.3 Hong Kong dollars; Li Ning (02331) rose by 4.55% to 13.8 Hong Kong dollars; Xtep Int'l (01368) rose by 4.07% to 4.6 Hong Kong dollars; and Anta Sports (02020) rose by 2.49% to 72.15 Hong Kong dollars.
BOCI Research: Still confident in the profitability of Shenzhou (02313.HK). Nike may indirectly benefit while facing difficulties, and Topsports (06110.HK) is downgraded to 'hold'.
According to the report released by China International Capital Corporation, since Nike (NKE.US) lowered its profit guidance in June, it is believed that Nike's issues are more severe than expected. On one hand, it is believed that the demand for the brand in the West and in China will face challenges, requiring a one to two year readjustment. On the other hand, this will bring uncertainty to the orders of the company's suppliers. The bank expects downstream issues to be more severe, particularly in China. At the same time, considering the resilience of the upstream leaders in adjusting orders, the bank maintains a positive view on these companies. Therefore, it maintains confidence in the profitability of Shenzhou International Group Holdings Limited unsponsored ADR (02313.HK). On the downstream side, the bank expects Anta to maintain a positive performance.
Express News | The State General Administration of Sports: To build a group of high-end brands in the field of sports, cultivate more world-class sports enterprises in China.
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