BUZZ-China's Xtep near 4-week peak on solid results, higher dividend

Reuters03-19

** Shares of China's homegrown sportswear group Xtep International Holdings Ltd jump 11.9% to HK$5.08, their highest since Nov 22

** Stock on track for the biggest one-day pct gain since November 2022; biggest pct gainer in Hang Seng Composite Index

** Xtep says 2023 net profit up 11% YoY at 1.03 bln yuan ($143.07 mln) with revenue up 10.9% YoY at 14.3 bln yuan

** Co recommends a final dividend of HK$0.08 per share, as compared to a final dividend of HK$0.071 per share in 2022

** Hang Seng Composite Index falls 1.3%, while Hang Seng Consumption Index and Hang Seng Index both slip 1.2%

** Stock up 13.2% YTD

($1 = 7.1992 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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