Core Viewpoint - The report from CMB International indicates that Xtep International's performance in the first half of the year exceeded expectations, with management confident in achieving its annual guidance [1] Group 1: Financial Performance - Xtep's core brand and Saucony brand retail sales growth accelerated year-on-year in July [1] - The company expects overall sales to show positive growth and net profit to increase by over 10% for the full year [1] - Saucony's sales are projected to rise by 30% to 40% [1] Group 2: Analyst Ratings - CMB International raised its net profit forecast for Xtep for the fiscal year 2025 by 3% [1] - The rating for Xtep is maintained at "Buy" [1] - The target price has been adjusted from HKD 7.20 to HKD 7.39 [1]
大行评级｜招银国际：上调特步国际目标价至7.39港元 维持“买入”评级