CHINA BULLETIN: The Incredible Sinking Yuan
In this week’s issue the incredible shrinking yuan, payment companies welcome back foreign visitors, and local governments play debt hide-and-seek. On a scale of 1 to 100, we give the week a 45 for offshore-listed China stocks.
Topsports sprints ahead as foreign-brand boycott fades
The seller of Nike and Adidas brand shoes and sportswear in China said its sales rose by a ‘low 20s’ percentage amount in its fiscal first quarter through May Key…
FAST NEWS: Topsports revenue, profit drop on weak consumer sentiment
The latest: Topsports International Holdings Ltd. (6110.HK), a major distributor for Nike and Adidas in China, reported on Tuesday that revenue for its financial year through February fell 15% to 27 billion yuan ($3.8…
FAST NEWS: Credit Suisse transfers large Topsports stake
The latest: Credit Suisse Trust Ltd. transferred all of its 522 million shares in Topsports International Holdings Ltd. (6110.HK) to TMF (Cayman) Ltd. on Mar. 10, according to Hong Kong…
361 Degrees Outruns Its Peers. Now It’s Waiting for Investors to Notice
Despite outperforming its rivals in fourth-quarter sales growth, the sportswear retailer still trails its flashier peers in valuation and share performanceKey Takeaways:361 Degrees’ core branded product sale were flat in…
FAST NEWS: Topsports’ Quarterly Sales Decline, But Shares Still Jump
The latest: Topsports International Holdings Ltd. (6110.HK), a major distributor for Nike and Adidas in China, said on Wednesday combined sales for its retail and wholesale operations registered a high-teens decline year-on-year in…
CHINA BULLETIN: All About Contraction
In this week’s issue manufacturing and services keep contracting, China lithium companies go unloved in Canada, and NEV maker Xpeng hits the skids. On a scale of 1 to 10, we give the week a 5 for offshore-listed China stocks.
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