BUZZ-China's sportswear group Xtep jumps on strong retail sell-through growth

Reuters01-09

** Shares of Chinese sportswear group Xtep International Holdings Ltd jump 7.1% to HK$3.94, their biggest intraday pct gain since June 2

** Stock on course to snap six straight sessions of losses, and is sixth-biggest pct gainer in Hang Seng Composite Index

** Co said its retail sell-through for three-month quarter ended in December, including offline and online channels, grew more than 30% YoY, and was up 20% for full year 2023

** Hang Seng Consumption Index climbs 1%, while Hang Seng Composite Index and Hang Seng Index both add 0.3%

** Xtep stock down 12.2% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment