UBS lowers TOPSPORTS target price to 3.85 yuan, maintains "Buy" rating
UBS published a research report indicating that TOPSPORTS (06110.HK) recorded a high single-digit year-on-year decline in total sales for its retail and wholesale business in the third fiscal quarter, which was below expectations. During the period, the retail business outperformed the wholesale business, and online performance continued to surpass offline performance, but the gap between the two narrowed due to base effects compared to the first half of the fiscal year 2026.
The bank lowered its net profit forecast for TOPSPORTS for the fiscal years 2026 to 2028 by 7% to 14% to reflect the company's sales pressure, and the target price was reduced from HKD 4.06 to HKD 3.85, maintaining a "Buy" rating
Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments