Hong Kong stocks fluctuated | TOPSPORTS (06110) fell more than 5% in the early session, the decrease in growth rate for the third fiscal quarter narrowed, and the company may prioritize clearing inventory in the short term.

TOPSPORTS (06110) fell more than 5% in early trading. As of the time of writing, it has dropped 3.77%, trading at 2.81 HKD, with a transaction amount of 28.2232 million HKD.

Zhitong FinanceDec 20 10:20

[Brokerage Focus] Guozheng International maintains a "Buy" rating on TOPSPORTS (06110) and looks forward to improvements in Nike's performance under the new CEO.

Jinwu Finance News | Guozheng International Research points out that TOPSPORTS (06110) FY25 Q3 (September to November) total sales amount for Group retail and wholesale businesses declined in the mid-single digits year-on-year, showing improvement compared to the lower end of 10-20% decline from FY25 Q2. Looking at different channels, online performance outperformed offline, as September to November is a peak period for online promotions. The company actively seized sales opportunities, recording double-digit growth in online sales, with direct online sales accounting for 40% of total direct sales; offline customer traffic showed a month-on-month improvement, but still faces certain pressures. The report indicates that in terms of store performance, the gross sales area of direct stores decreased year-on-year.

Jinwu Financial NewsDec 20 10:09 · Ratings

Guo Zheng International: Maintains TOPSPORTS (06110) "Buy" rating with a Target Price of HKD 3.7.

Guozheng International predicts TOPSPORTS' EPS for FY25/26/27 to be 0.22/0.29/0.33 yuan.

Zhitong FinanceDec 20 09:37 · Ratings

Special Correspondent Guo Jiayao: The pace of interest rate cuts in the external environment is slowing, raising concerns about its impact on the economic recovery.

Jinwu Financial News | US stocks developed unevenly on Thursday, with the market rebounding at the beginning, but then the rise significantly narrowed due to rising bond yields, and the three major Indexes closed mixed. The US dollar performed strongly, with the US ten-year bond yield rising to 4.56%. Gold and oil prices were pressured. Hong Kong stock pre-market trading was generally weak, and it is expected that the market will open lower. The mainland stock market fell yesterday, with the Shanghai Composite Index opening lower and closing down 0.3%, while the trading volume in the Shanghai and Shenzhen markets slightly increased. The Hong Kong stock market followed the weak trends from overseas markets, opening lower and at one point narrowing the decline, but fell again towards the end with overall trading volume increasing.

Jinwu Financial NewsDec 20 08:07

[Brokerage Focus] GTJA maintains a Shareholding rating for TOPSPORTS (06110), Bullish on the operational improvement of Nike and the recovery of Consumer spending driving its performance elasticity.

Jinwu Financial News | GTJA's research report indicates that TOPSPORTS (06110) has shown a slight improvement in sales performance compared to FY2025 Q3 from early December to now. For the full year FY2025, the bank maintains its expectation of a high single-digit year-on-year decline in annual revenue and a decline of over 35% in Net income year-on-year. Looking ahead to 2025, under the assumption of an economic recovery and strengthened expectations for consumer recovery, cyclical bottom symbols are expected to experience a dual recovery in performance and valuation. The direct sales channel for TOPSPORTS accounts for 85% of income, and the bank predicts that there is significant potential for recovery, along with characteristics of low valuation and high dividends. The bank points out that after Nike's new CEO Hill took office, there are

Jingu Financial NewsDec 19 14:18 · Ratings

The UBS Group has lowered the Target Price for TOPSPORTS (06110.HK) to 3.6 yuan, with a short-term priority on clearing inventory.

UBS Group published a research report indicating that TOPSPORTS (06110.HK) will experience a year-on-year sales decline in the third quarter of the 2025 fiscal year in the mid-single digit range, with retail channel performance slightly better than wholesale, exceeding the bank's expectations; online sales are expected to grow at double-digit rates year-on-year. However, TOPSPORTS management maintains its guidance, projecting a revenue decline in the high-single digits and a net profit decline of 35 to 45% for the 2025 fiscal year. UBS Group noted that while TOPSPORTS will prioritize inventory clearance in the short term, it considers the valuation attractive, anticipating that the dividend yield following this year's large-scale promotions and inventory adjustments will support potential gross margin improvements, and expressed confidence in the group's ability to distribute dividends. The bank has downgraded.

AASTOCKSDec 19 10:39