Core Viewpoint - 招银国际 has raised the net profit forecast for Xtep International (01368.HK) for the fiscal year 2025 by 3%, while lowering the forecast for 2027 by 3% to reflect better-than-expected interim earnings, lower-than-expected gross margin, and better-than-expected operating profit margin from Saucony [1] Group 1: Profit Forecasts - The net profit forecast for Xtep International for fiscal year 2025 has been increased by 3% [1] - The net profit forecast for fiscal year 2027 has been decreased by 3% [1] Group 2: Ratings and Target Prices - 招银国际 maintains a "Buy" rating for Xtep International, raising the target price from HKD 7.20 to HKD 7.39 [1] - In the past 90 days, 23 investment banks have issued "Buy" ratings for the stock, with an average target price of HKD 7.05 [1] Group 3: Market Position and Financial Metrics - Xtep International has a market capitalization of HKD 17.112 billion, ranking 7th in the apparel and home textile industry [2] - Key financial metrics for Xtep International include a Return on Equity (ROE) of 15.66%, a net profit margin of 13.36%, and a gross margin of 44.95% [3]
招银国际：升特步国际(01368.HK)目标价至7.39港元 中期业绩胜预期