Fund Flow into USD, HK Stock remained weak; Support at 25,000
KGI Morning Briefing-2021.08.20 #TopSports (6110)
Fund Flow into USD, HK Stock remained weak; Support at 25,000
Stock Pick
TopSports (6110): The State Council has issued a national fitness plan for 2021-2025 after the Olympics, which is expected to stimulate sportswear and equipment demands long-term. This bodes well for sportswear retailer Topsports (6110). Looking into 3Q21, the impact of Xinjiang Cotton has gradually diminished. Adidas expects China market growth to remain strong in 2021, and consumer preference will re-balance towards international brands. We see consumer focus to shift back to functional sportswear and equipment, favoring Topsports’ sales rebound in 2H21. Topsports now trades at 14.7x 12M forward PE, near the low-end of its 3-year range. We suggest to accumulate with a target price at HK$12.0 and a stop-loss price at HK$9.2.
More detailed analysis: http://bit.ly/3c9GHiS
Видео Fund Flow into USD, HK Stock remained weak; Support at 25,000 канала 凱基亞洲 KGI Asia
Fund Flow into USD, HK Stock remained weak; Support at 25,000
Stock Pick
TopSports (6110): The State Council has issued a national fitness plan for 2021-2025 after the Olympics, which is expected to stimulate sportswear and equipment demands long-term. This bodes well for sportswear retailer Topsports (6110). Looking into 3Q21, the impact of Xinjiang Cotton has gradually diminished. Adidas expects China market growth to remain strong in 2021, and consumer preference will re-balance towards international brands. We see consumer focus to shift back to functional sportswear and equipment, favoring Topsports’ sales rebound in 2H21. Topsports now trades at 14.7x 12M forward PE, near the low-end of its 3-year range. We suggest to accumulate with a target price at HK$12.0 and a stop-loss price at HK$9.2.
More detailed analysis: http://bit.ly/3c9GHiS
Видео Fund Flow into USD, HK Stock remained weak; Support at 25,000 канала 凱基亞洲 KGI Asia
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
預計港股今日反彈；恆指阻力位於 23,800點 | #比亞迪(1211) 、#騰訊(0700)
Support at 28,000; China tighten control on internet platform impacting HK stock
聯邦利率只是大局的一部份？想睇得更全面有辦法 | KGI Asia | 凱基亞洲 | 財富觀點 | 莫偉民
大量國債將發行，如何影響實體經濟及股市? | KGI Asia | 凱基亞洲 | 財富觀點 | 譚美琪
美股第一季業績簡評 | KGI Asia | 凱基亞洲 | 財富觀點 | 龔俊樺
矽谷銀行風波帶來的投資啟示 | KGI Asia | 凱基亞洲 | 財富觀點 | 龔俊樺
聯儲局升息0.75厘，鷹派立場未有大變，一項數據領先通脹走勢？ | KGI Asia | 凱基亞洲 | 財富觀點 | 莫偉民
現在是配置投資評級債券的合適時機? | 凱基亞洲 | 盛富財富管理服務 | 理財教室 | 溫傑 | 麥浩欣
兩大因素仍未明朗 料美股續呈大型上落市 | KGI Asia | 凱基亞洲 | 財富觀點 | 温傑
環球市場2021年第三季展望
預計港股今日受壓；恆指初步支持位於 10 天平均線(21,787點) | #中國鋁業(2600)
關注企業中期業績；預計恆指於26,000點爭持
中證監緩解投資者情緒，預計港股繼續反彈；阻力位 26,000
中資科技股在美國ADR市場大漲，預計恆指上試 20 天線（23,477點）阻力 | #海螺水泥(914)
環球衰退陰霾持續 中國內需支持經濟? | KGI Asia | 凱基亞洲 | 財富觀點 | 葉晉宜
港股氣氛持續改善；再次上試50天平均線阻力(25,423點)
HK Stock Rebound on Monday, HSI resistance at 22,000 | #BYD (1211)
預計港股今日將繼續低迷｜凱基早晨評論－2022.04.21｜港股走勢｜股票推介
香港放寬防疫措施 收租股可關注 | KGI Asia | 凱基亞洲 | 財富觀點 | 葉晉宜
美股選擇多，怕貴又怕衰退，如何是好？ | KGI Asia | 凱基亞洲 | 專題研究 | 投資策略部 | 莫偉民