中银国际表示，即使10月出现了环比改善的迹象，但滔搏潜在转势可能需要数月时间，因为它面临行业普遍的线下客流下降问题，以及公司特有的对Nike的高度依赖。该行对滔搏明年2月底止下半财年看法谨慎，认为Nike转型需要时间。招银国际则表示，由于下半年前景不佳及耐克复苏时间也许较长，该行看法仍然保守。Topsports (06110) fell nearly 5% in the afternoon, as of the time of publication, dropped by 4.74% to 2.61 Hong Kong dollars, with a turnover of 53.2173 million Hong Kong dollars.
According to the Wise Finance APP, Topsports (06110) fell nearly 5% in the afternoon, as of the time of publication, dropped by 4.74% to 2.61 Hong Kong dollars, with a turnover of 53.2173 million Hong Kong dollars.
On the news front, Topsports released its performance for the six months ending August 31, 2024, with a revenue of 13.0547 billion RMB, a year-on-year decrease of 7.9%; the company's equity holders' net profit was 0.8738 billion RMB, a year-on-year decrease of 34.7%. In the second quarter of the 2024/25 fiscal year, the total sales amount of the group's retail and wholesale business fell by 10-20% year-on-year.
BOCI International stated that despite signs of improvement month-on-month in October, the potential turnaround of Topsports may take several months, as it faces the industry-wide issue of declining offline footfall and its high dependence on Nike. The bank holds a cautious view on Topsports for the second half of the fiscal year ending in late February next year, believing that Nike's transformation will require time. CMB International, on the other hand, remains conservative in its outlook due to poor prospects in the second half of the year and potentially a longer recovery time for Nike.
