moonpatrol| Daiwa: Maintain Xtep International's "Buy" rating and raise its target price to HK$6.7

Daiwa released a research report saying that it maintains the "Buy" rating of Xtep International (01368) and believes that after the sale of K-Swiss and Palladium, earnings visibility will be significantly improved, driving the improvement of earnings forecasts and rating revaluation, and raising the target price from HK$6 to HK$6.moonpatrol.7 Hong Kong dollars.

The report quoted management as saying that retail sales volume has grown year-on-year on track since the second quarter, discount levels and channel inventories have improved, maintaining overall revenue growth of more than 10% this year.moonpatrolThe guidance remains unchanged, Saucony and

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.