Daiwa released a research report sayingmamegames, maintains the "Buy" rating of Xtep International (01368) and believes that after the sale of K-Swiss and Palladium, profit visibility will improve significantly, driving the improvement of profit forecasts and rating revaluation, and raising the target price from HK$6 to HK$6.mamegames.7 Hong Kong dollars.
The report quoted management as saying that retail sales have achieved year-on-year growth on track so far in the second quarter, discount levels and channel inventories have improved, and the guidance of overall revenue growth of more than 10% this year remains unchanged. Saucony &
Revenue for the Merrell brand increased by 30% to 40%. The bank raised its Xtep earnings per share forecast for this year to 2026 by 3% to 5%, to reflect the re-integration after the sale of the K-Swiss and Palladium brands and the financial impact of related transactions.