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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.
xtep int'l (1368.HK): In Q3 24, Skechers continues to see high growth, bullish on profit level improvement.
The main brand Q3's revenue growth rate has slowed down, while the discount inventory level remains stable. In 24Q3, the main brand's overall channel revenue increased in unit numbers, with a slower growth rate compared to 24H1 (24H1 growth rate: high unit number growth), determining the main cause to be weak consumer demand. We determine.
xtep int'l (01368.HK) is expected to complete the sale of KP Global around the end of November or early December.
Xtep int'l (01368.HK) announced that it is currently finalizing transition service agreements and other arrangements with Ding Shun Investment. The expected sale is projected to be completed around the end of November 2024, and special dividends will be declared and distributed after the completion of the trade. The company has issued convertible bonds worth 0.5 billion yuan. At the same time, KP Global has also completed the early redemption of GESWEI convertible bonds, totaling a debt of 0.154 billion US dollars to Xtep int'l (equivalent to the cumulative loss since the acquisition in 2019, together with its capital expenditures and operations as of the end of March 2024.
xtep int'l completed the issuance of xtep convertible bonds with a total principal amount of 0.5 billion Hong Kong dollars.
Xtep Int'l (01368) announced that the preconditions of Xtep subscription agreement have been met, therefore, Xtep convertible bonds were issued on November 1, 2024. On the delivery date of Xtep convertible bonds, the principal amount of 0.5 billion Hong Kong dollars was issued to investors, netting approximately 0.499 billion Hong Kong dollars, intending to provide funds for the ultimate redemption price of Guess convertible bonds. In addition, the preconditions of Guess convertible bonds redemption agreement have been met, thus the delivery of Guess convertible bonds redemption was completed on November 1, 2024.
Executive Vice Chairman & VP of Xtep International Holdings Mei Qing Ding Buys More Stock
xtep int'l (1368.HK): Steady growth in revenue, healthy inventory discount.
The company released the 2024Q3 retail data, with m-unit growth year-on-year for the main brand of Xtep, and over 50% year-on-year growth for Saucony, meeting revenue expectations. The main brand shows stable growth, while Saucony's growth is impressive.
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