CICC released a research report stating that it maintains the “outperforming industry” rating of TEP International (01368.HK) and temporarily maintains the company's 2024/25 EPS forecast of 0.45/0.52 yuan, considering that the company's transactions have not yet been implemented. The target price was raised by 20% to HK$6.58, taking into account the company's plans to divest loss-making businesses to boost market confidence. The company announced that it plans to sell KP Global, which owns the Gashway and Palatin brands, to the controlling shareholder Ding's family for US$151 million. Pending completion of the sale, the company plans to declare a special dividend of US$151 million.
中金：维持特步国际(01368.HK)“跑赢行业”评级 目标价升至6.58港元
CICC: Maintaining the target price of TEP International (01368.HK) “outperforming the industry” rating and raising the target price to HK$6.58
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