Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Trims TOPSPORTS (06110.HK) TP to $8.3, FY24E NP to Rise 21%
Recommend 3 Positive 5 Negative 3 |
||||
|
||||
|
TOPSPORTS (06110.HK) will disclose its FY24E results ended February 2024 in late May, said Citi Research in a report. The broker expected the company's net profit to grow 21% YoY to RMB2.231 billion, revenue to rise by 8% and margin to expand. The broker's FY24E net profit forecast for TOPSPORTS was basically unchanged, but it trimmed its FY25E and FY26E forecasts by 7% and 11% respectively, on expected slower industry growth. TOPSPORTS, riding on the continued increase in market share of international brands, was expected to have its revenue grown by 11% and 10% in FY25E and FY26E, surpassing the sector's level. The broker cut its TP on TOPSPORTS from $9.4 to $8.3 and maintained Buy rating. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
