Esprit (00330-HK) will announce its interim results after closing today. The stock saw 6.39 yuan this morning, up 1.8%, and reported 6.31 yuan at 10:07, up 0.47%. Motong issued a report. Sales fell 7% in the first half of the year, mainly hampered by continued weakness in the wholesale business, which accounts for one-third of revenue. Gross profit margin is expected to remain stable, with a loss of about 186 million yuan before tax. If the same store sales of Esprit's Asian and European businesses improve, the view on the group will turn positive, maintaining the target price of 6.6 yuan, and maintaining a neutral rating. Deutsche Bank published a report earlier. It is estimated that Sijie lost 80 million yuan during the period (loss of 238 million yuan in the first half of FY2016) and revenue for the period was 8.194 billion yuan, a year-on-year decline of 12%. The bank maintains Esprit's “sell and sell” rating and target price of 5.48 yuan.