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HKG:6110

4 stories mentioning HKG:6110Updated just now

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Asia

Topsports Says No Termination Notice from Nike for China Online Distribution Deal Amid Speculation

Topsports International Holdings (HKG:6110) has not received any official notice from Nike about canceling their online distribution deal in mainland China amid reports.The Hong Kong-listed sportswear retail operator, which made the Thursday disclosure to address online speculation that its first-tier online distributorship authorizations will be terminated from Jan. 1, 2027, added that it and Nike explore "various aspects of their business cooperation from time to time."Topsports, which halted trading Thursday to make the announcement, applied to resume trading in Hong Kong from 9 am the next day.

HKG:6110
Asia

Topsports International Logs Low-Teens Decline in Fiscal Q1 Sales

Topsports International (HKG:6110) recorded a low-teens drop in total retail and wholesale sales in the first fiscal quarter ended May 31, according to a Thursday Hong Kong bourse filing.As of May 31, the gross selling area of directly-operated stores slipped 11.2% year over year.

HKG:6110
Asia

Jefferies Adjusts Topsports International Holdings' Price Target to HK$5 From HK$6.40, Keeps at Buy

Topsports International Holdings (HKG:6110) has an average rating of overweight and mean price target of HK$3.56, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

HKG:6110
Asia

Topsports International's Profit Slips in Fiscal 2026; Shares Jump 12%

Topsports International (HKG:6110) posted profit attributable to equity holders of 1.27 billion yuan for the year ended Feb. 28, down from 1.29 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Shares of the sportswear manufacturer were up over 12% in Thursday's late morning trade.Earnings per share came in at 0.2043 yuan, compared with 0.2074 yuan in the prior fiscal year.Revenue fell 4.7% to 25.7 billion yuan from 27 billion yuan a year earlier.The board recommended a final dividend of 0.03 yuan per share and a special dividend of 0.12 yuan per share.Separately, the company said total sales from retail and wholesale operations recorded a low-single-digit year-on-year decline in the fiscal fourth quarter.Gross selling area of directly operated stores fell 4.2% from the previous quarter and declined 9.7% on a year-on-year basis.

HKG:6110

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