The Zhitong Finance App learned that clothing stocks had the highest gains today. As of press release, Express Sales (06288) rose 5.81% to HK$20.95; Jiangnan Cloth (03306) rose 3.23% to HK$10.22; Jielong Holdings (01425) rose 1.85% to HK$0.55; and Li Ning (02331) rose 1.46% to HK$18.06.

According to the news, Uniqlo's parent company Express Sales Group announced results. Total comprehensive revenue for the first quarter of fiscal year 2024 was 810.8 billion yen, up 13.2% from the same period last year; total comprehensive operating profit was 146.6 billion yen, up 25.3% year on year. Express Sales Group said that in the first fiscal quarter ending at the end of November, the company's business in mainland China saw a sharp increase in both revenue and profit.

CITIC Securities believes that the sales momentum of various brands in the textile and garment sector continued to be good in the fourth quarter of 2023. A large number of new winter products were launched, while updating pallets, new product discounts were strictly controlled, and discounts on clearance products were increased. From a 1-year perspective and a longer-term perspective, sports is still a high-quality consumer circuit with both high prosperity and a clear pattern.

Haitong Securities released a research report. Sorting out high dividend targets in the textile and clothing sector from multiple dimensions, it is recommended to focus on companies that also meet high dividend rates, good cash dividend guarantee, high net cash ratio, good fundamentals, relatively high growth, and undervaluation. Hong Kong stocks include Jiangnan Buyi, Jiuxing Holdings, Yuyuan Group, Taobo, and Bosideng.