Professional
Added to YB: 2024-10-22
Pitch date: 2024-10-18
1368.HK [bullish]
Xtep International Holdings Limited
-2.95%
current return
Author Info
No bio for this author
Company Info
Xtep International Holdings Limited designs, develops, manufactures, and markets sports footwear, apparel, and accessories for adults and children in China.
Market Cap
HKD 13.3B
Pitch Price
HKD 5.53
Price Target
7.31 (+36%)
Dividend
3.79%
EV/EBITDA
6.39
P/E
12.19
EV/Sales
0.85
Sector
Textiles, Apparel and Luxury Goods
Category
growth
Xtep (1368 HK) – Better margins despite cautious sales growth
1368.HK: Xtep TP HK$7.31 (31% upside). Running segment 20%+ growth. Outperformance expected 2H24: new products, e-commerce, wholesale, Saucony growth, K&P sale. 11x FY24E P/E, 13% yield. Catalysts: results, product feedback, policies, weather. OP margin improvement despite cautious sales growth.
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