瑞银发表研报称，滔搏2025财年第三季的销售按年跌幅为中个位数，零售渠道表现略优于批发，并胜于该行预期；网上销售按年增长双位数。瑞银表示，虽然滔搏短期内会优先清理库存，但认为其估值吸引，料股息收益率在今年大规模促销及库存调整后，潜在毛利率改善将作支撑集团，并对集团的派息能力有信心。TOPSPORTS (06110) fell over 5% in early trading, and as of the time of publication, it is down 3.77%, priced at HKD 2.81, with a transaction volume of HKD 28.2232 million.
According to Zhito Finance APP, TOPSPORTS (06110) fell over 5% in early trading, and as of the time of publication, it is down 3.77%, priced at HKD 2.81, with a transaction volume of HKD 28.2232 million.
In terms of news, TOPSPORTS recently announced that in the third quarter of the 2024/25 fiscal year, the total sales amount of the group's retail and wholesale Business experienced a mid-single-digit decline year-on-year, narrowing from a low double-digit decline compared to the previous quarter. As of November 30, 2024, the gross sales area of directly operated stores decreased by 2.1% compared to the end of the previous quarter and decreased by 4.4% year-on-year.
UBS Group published a Research Report stating that TOPSPORTS' sales for the third quarter of fiscal year 2025 recorded a single-digit year-on-year decline, with retail channels performing slightly better than wholesale and exceeding the bank's expectations; online sales increased by double digits year-on-year. UBS Group stated that although TOPSPORTS will prioritize inventory clearance in the short term, it finds the valuation attractive and expects the dividend yield to support the group after significant promotions and inventory adjustments this year, expressing confidence in the group's ability to pay dividends.
