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TOPSPORTS: INTERIM REPORT 2024/25
CICC in "Dah Sing": MSCI China Adjustment, Focus on Positive Impact on Ctrip (09961.HK), Nio Inc (09866.HK), and Alibaba (09988.HK)
CICC's report pointed out that MSCI's adjustment to China focuses on the potential positive impact on Ctrip-S (09961.HK), Nio-SW (09866.HK), and Alibaba-W (09988.HK); and the potential negative impact on Meituan (06110.HK), GAC (02238.HK), and iQIYI (IQ.US). In terms of the absolute change in weights, CICC calculated that due to this adjustment, Alibaba, Ctrip Group, Kuaishou-W (01024.HK), Nio, and Tianfeng Securities (601162.SH) rank high in weight increases.
Major MSCI adjustment! Brokerage stocks are most favored, 20 companies are being removed.
On November 7th, Beijing time, the international index compiler MSCI announced the results of the November stock index review. Among them, 4 Chinese stocks were newly included in the MSCI China Index, while 20 individual stocks were removed. All changes will take effect after the market closes on November 25, 2024.
Review of the MSCI China Index, Guangzhou Auto (02238.HK) and Topsports (06110.HK) are removed.
MSCI has announced the latest review results of the MSCI Chinese Index constituents, including the addition of 4 stocks and the removal of 20 stocks. The changes will take effect after the market closes on the 25th of this month. The 4 stocks added to the index are all A shares, including First Capital Securities (603116.SH), Huqin Technology (603296.SH), Longxin Semiconductor (688047.SH), and Tianfeng Securities (601162.SH). Among the 20 stocks removed from the index are 2 H shares and 1 American Depositary Receipt, including Guangzhou Automobile (02238.HK), Topsports (06110.HK), and IQIYI (IQIYI).
Topsports (6110.HK): FY25H1 is expected to reach the bottom of performance, maintaining ample cash and high dividends.
FY25H1 sales are under pressure, mainly due to the year-on-year decline in offline customer traffic. In FY25H1 (March-August 2024), the company recorded revenue of 13.05 billion yuan, a 7.9% year-on-year decrease, mainly due to weak demand and a decline in same-store customer traffic.
Hong Kong stock market abnormal movement | Topsports (06110) fell more than 4% now, with a decline in revenue and net income in the first half of the fiscal year. Institutions state that the company's customer traffic pressure is still ongoing.
Topsports (06110) is currently down more than 4%, as of the time of writing, it is down 4.06%, trading at 2.6 Hong Kong dollars, with a turnover of 29.1086 million Hong Kong dollars.
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