ENTITY
Topsports International Holdings

Topsports International Holdings (6110 HK)

133
Analysis
Consumer DiscretionaryChina
Topsports International Holdings Limited operates as a sports shoes and apparel retailer. The Company sells sports shoes, sports shirts, and other products. Topsports International Holdings markets its products throughout China.
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24 Oct 2023 19:42Broker

Topsports (6110 HK) – Turnaround Is on Track Despite Bumpy Sales

Sales growth may still be bumpy but boosted by increased efforts from the principal brands (on new products and marketing) and Topsports (self...

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02 Jul 2023 12:16Broker

Topsports (6110 HK) – Localization and Efficiency-Led Turnaround

We forecast 12%/ 20% of sales/ NP CAGR in FY2/23-26E vs -5%/ -4% during FY2/19-23, driven by major improvements in: 1) international brand sales

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08 May 2023 10:52Broker

China Sportswear Sector – 5-1 sales beat but competition intensified

While fundamentals (sales, discounts and inventory) are trending good into 2H23E and setting up for a decent FY24E, we should still keep our eyes...

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17 Mar 2023 09:22Broker

China Sportswear Sector – We expect prudent guidance but decent margins

While we expect a more conservative FY23E guidance by the brands, we do see decent upside surprises from GP margin improvements, helped by better...

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15 Nov 2022 10:31Broker

China Sportswear Sector – Sequential improvements during double 11

Based on our channel check and CMBI est., the online GMV growth during 2022’s double 11 was at ~14% YoY, inline with CMBI est. and beat market...

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