Quick Look at the Hong Kong Market | The three major Indices have mixed movements, stocks in Biotechnology and Communication Equipment are rising, ZTE soared by 10%, and BEIGENE increased by over 5%.
Network Technology stocks fell, XIAOMI-W rose by 2.90%, NTES-S rose by 2.19%; most Coal Industrial Concept stocks declined, China Shenhua Energy fell by 3.18%, China Coal Energy fell by 1.69%; most Shipping and Ports stocks decreased, COSCO Shipping Holdings fell by 4.75%, OOIL fell by 3.14%;
Hong Kong stock market midday review | The three major Indexes collectively rebounded! Xiaomi and Tencent rose about 2%; Semiconductors stocks continued to rise, Semiconductor Manufacturing International Corporation rose over 4%.
Network Technology stocks weakened, Bilibili-W fell by 3.60%, XIAOMI-W rose by 2.59%; Sporting Goods stocks performed well, ANTA SPORTS increased by 5.32%, TOPSPORTS dropped by 3.44%; Hong Kong Retail Stocks weakened, BOSSINI INT'L rose by 3.81%, PRADA fell by 2.76%;
The 361° brand day launched a new Technology product matrix to empower racing dreams.
On December 27, the 361° brand new product launch and the final of the No. 3 Track 10KM Racing Series were held at the Huangpu Sports Center in Guangzhou. The event was themed "Breaking the Situation for You" and launched several new products such as the Feiran 4, Speedfloat FLOAT 2, and JOKER 1, aiming to meet the more segmented needs of consumers through the release of a technology-driven product matrix while enhancing the recognition of 361°'s professionalism in the Industry among both the Industry and consumers. At the press conference, Zheng Yexin, General Manager of 361° Brand Management Center, Wang Xinning, General Manager of the E-Commerce Management Center and Shoe Product Center, Su Chang, Deputy General Manager of the Shoe Product Center, as well as 361°.
The 2024 Fuzhou Marathon has kicked off, with 361° supporting thousands of runners to conquer the 'Fortune' track.
On December 15, 2024, the 2024 Fuzhou Marathon will kick off. After upgrading to a World Athletics elite event, the Fuzhou Marathon has not only attracted the attention of numerous runners from around the Global, but with an unprecedented scale of 50,000 participants, it has become one of the largest marathon events in the world, proving its important position in both domestic and international marathon events. 361° serves as the 'top strategic partner' for this Fuzhou International Marathon, providing excellent products and professional event services to assist runners in pursuing their dreams on the track. This collaboration with the Fuzhou Marathon is another significant step for the brand to continuously promote the development of road running in China.
The Ministry of Commerce and six other departments jointly issued the "Implementation Plan for the Innovation and Enhancement Project of the Retail Trade."
The National Ministry of Commerce and seven other departments jointly issued the "Implementation Plan for the Innovation and Improvement Project in the Retail Trade." The plan deploys tasks in five areas. It promotes scene transformation, encourages integrated business, innovates fashionable business, advocates curated business, cultivates themed business, and enhances community business. It promotes quality supply, focuses on consumers, operates with integrity, prioritizes quality, and provides excellent service to optimize commodity and service experiences. It promotes digital empowerment, drives the deep integration of physical retail with the digital economy, forms new productive forces, enhances efficiency, and makes consumption more convenient. It promotes diversified innovation, encourages the integration of business types, and aims for "large and strong" or "small...
Hong Kong market quick view | All three major Indexes closed higher, with active performance in tech and Brokerage stocks, Xiaomi Group rose nearly 4%, and Guolian increased by more than 9%.
Network Technology stocks increased, XIAOMI-W rose by 3.78%, KUAISHOU-W rose by 2.47%; Dining stocks performed well, HAILUNSI rose by 9.52%, JIUMAOJIU rose by 5.40%; Sporting Goods stocks also performed well, TOPSPORTS rose by 7.78%, XTEP INT'L rose by 3.35%.
Hong Kong stocks movement | Sporting Goods stocks rise across the board. Institutions state that the Sports Industry has broad prospects and the high prosperity of sports apparel may continue.
The shares of Sporting Goods companies rose across the board. As of the time of this report, TOPSPORTS (06110) rose by 7%, trading at 2.75 HKD; 361 DEGREES (01361) rose by 5%, trading at 4.41 HKD; LI NING (02331) rose by 3.49%, trading at 17.78 HKD; XTEP INT'L (01368) rose by 3.17%, trading at 5.86 HKD; ANTA SPORTS (02020) rose by 2.85%, trading at 84.8 HKD.
The 361° Jokic's first signature shoe has its global debut, setting a new standard for center basketball shoes.
On December 9, in the NBA regular season, the Denver Nuggets achieved a resounding victory against the Hawks with a score of 141-111 on the road, with Jokic scoring 48 points and successfully ending the Hawks' winning streak with his dominance on the court. Previously, he scored 56 points in a game against the Wizards, setting a new career high. In less than 24 hours across two games, Jokic scored a total of 104 points, once again proving his absolute strength as the top player in the league with a 'phenomenal' performance. Jokic on the court continuously breaks personal records with his strong control of the game, and off the court, he is also welcoming a new chapter in his career.
Hong Kong Market Quick Look | Hong Kong stocks soared at the end of the trading session, with the tech index rising over 4%, and Meituan up nearly 6%; domestic property stocks and china-affiliated brokerage stocks surged significantly, with sunac rising o
The Hong Kong stock market significantly surged in the final hours, with the tech index rising over 4%, leading the gains. Most network technology stocks increased, with SenseTime rising 8.19% and netease up 6.04%; apple suppliers saw widespread increases, with BYD Electronics rising 9.29% and q tech up 6.84%; securities and brokerage stocks also climbed, with china merchants increasing by 13.65% and everbright rising 7.82%;
Shanxi: In October, the domestic social retail growth rate increased by 1.6 percentage points compared to the previous month, with high growth in cosmetics retail sales.
From January to October 2024, commodity retail sales increased by 3.2% year-on-year, while online retail sales of physical commodities rose by 8.3%, performing better than the overall commodity retail.
Express News | Galaxy Securities: Focus on the deep retracement in the previous period, with valuation repair space and stable dividend rate of high-quality textile and clothing sector symbol.
Ministry of Commerce: Will introduce new consumer policies in the consumer sector, Beijing-Tianjin-Hebei-Chongqing will issue consumer vouchers for dining, culture and tourism, sports, etc.
According to internal media reports, Vice Minister of the Ministry of Commerce, Sheng Qiuping, stated that the Ministry of Commerce will work with relevant departments to introduce a new batch of policies in the consumer sector. For example, they will soon study and implement policies to promote the development of the initial launch economy, facilitate high-quality development of the wholesale and retail trade, support the trial construction of modern commercial and trade circulation systems in 20 cities including Shanghai, Tianjin, etc., launch pilot reforms in automobile distribution and consumption, and promote special action plans for healthy consumption. Five cities will also introduce supporting policies. For instance, Shanghai and Guangzhou will introduce policies supporting and incentivizing the first store opening, debut, and exhibition; Beijing, Tianjin, Shanghai, and Chongqing will issue dining, cultural tourism, sports, and other service consumption vouchers.
361 degrees (01361.HK): Leading the growth rate of flowing water, increasing race resources.
Investment highlights: The company disclosed Q3 revenue, with offline growth of 10% for adults and children, and online growth exceeding 20%. New product categories + increased marketing sponsorship, the main brand's adult clothing leads the growth in 2024Q3, with offline adult clothing fluctuating in the retail environment.
Pacific Securities: Maintains a 361 degrees (01361) 'buy' rating, bullish on achieving the annual revenue target of one hundred billion.
The company recently released the 2024Q3 retail operation data, with offline adult clothing water flow increasing by approximately 10% year-on-year in 2024Q3, offline children's clothing water flow increasing by approximately 10% year-on-year, and e-commerce water flow increasing by over 20% year-on-year, with water flow performance meeting expectations.
CICC Securities: Long-term focus on cost-effective consumer background, 361 Degrees (01361) will continue to benefit, with a 'buy' rating.
CICC Securities expects 361 degrees (01361) to achieve a net income attributable to the parent company of 1.09/1.23/1.37 billion yuan from 2024 to 2026.
361 degrees (1361.HK): Leading the retail industry with upgraded product channels.
The company released the 2024Q3 retail operation data. In 2024Q3, offline large-sized retail sales increased by around 10% year-on-year, children's clothing sales increased by around 10%, and e-commerce sales increased by over 20%. The sales performance met expectations. Event review flow.
gtja: Maintains the 'shareholding' rating for 361 degrees (01361), Q3 revenue meets expectations, strong National Day sales.
gtja predicts that the net profit attributable to the parent company for the years 2024-2026 will be 1.09/1.27/1.46 billion yuan.
Golden increases 361 degrees (01361.HK) target price to 5.2 yuan. Good performance in the third quarter despite unfavorable environment.
china international capital corporation's research report indicates that 361 degrees (01361.HK) main brand and 361 degrees children's clothing offline retail sales have both increased by approximately 10% year-on-year, while 361 degrees e-commerce platform retail sales have increased by over 20% year-on-year. The firm maintains its earnings per share forecast for the company for the next two years at 0.52 and 0.60 yuan respectively, and maintains its 'outperform industry' rating. Considering the recent industry valuation increase, the target price has been raised by 17% to 5.2 yuan. The firm pointed out that 361 degrees performed well in adverse retail conditions, with stable discounts and inventory. Meanwhile, online sales have maintained faster growth on a higher base, and the company continues to promote the brand.
361 degrees (01361.HK): Steady flow and operation in Q3 2024, outstanding performance during the Golden Week.
In Q3 2024, the operation and management were stable, with a strong performance during the golden week, maintaining a "buy" rating. In Q3 2024, 361° adult offline turnover recorded a growth of about 10%, 361° children's wear offline turnover about 10% growth, and e-commerce turnover recorded.
[Brokerage Focus] Guotai Junan Securities maintains a "buy" rating on 361 Degrees (01361), indicating that the growth trend in Q4 revenue is expected to continue.
Jingu Financial News | Open Source Securities released research reports, indicating that in 2024Q3, the offline revenue of 361 degrees (01361) recorded an increase of about 10%, 361 degrees children's clothing offline revenue increased by approximately 10%, and e-commerce revenue recorded an increase of over 20%. The revenue performance in 2024Q3 was relatively resilient, with stable operation indicators, online revenue growth of more than 30% during the Golden Week period, and offline revenue growth of over 20% year-on-year. The bank continued to point out that benefiting from the pricing advantage of cost-effective brands and the improvement of product competitiveness, the operating indicators in 2024Q3 showed relatively stable performance, the inventory-sales ratio in 2024Q3 remained at 4.5-5 in a healthy range, with discounts of approximately 29% off, when.