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<Research>CICC Lifts TOPSPORTS (06110.HK) TP to $3.4, Keeps Rating at Outperform
Recommend 7 Positive 8 Negative 6 |
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TOPSPORTS (06110.HK) focused on optimizing universe retail and actively responding to terminal fluctuations, CICC released a research report saying. Considering that the industry's valuation pivot increased, the broker lifted its target price by 10% to $3.4, corresponding to 2026/ 2027projected PE ratios of 15x/ 12x each, with rating kept at Outperform. CICC maintained its FY2026-FY2027 EPS forecasts for the Company unchanged at RMB0.21/ RMB0.26. TOPSPORTS announced its operational performance for the first quarter of FY2026 ended May, with a mid-single-digit YoY decline in total sales in retail and wholesale businesses. The gross sales area of direct-operated stores decreased by 1.3%, compared to that in the end of February. AASTOCKS Financial News Website: www.aastocks.com |
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