05 Aug 2024
CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 64)
CROSBY Research – China Sportswear sector update: Domestic sportswear brands still growing strong
05 Aug 2024 With the Paris Olympics ongoing, 2024 is shaping up to be a truly significant year for sports, with domestic sports consumption continuing to rise. The love for outdoor activities and the pursuit of a healthy lifestyle among
CROSBY Research – Wasion Holdings (3393 HK/ BUY): More overseas order win
1 August 2024 Last week, Wasion announced that the company has won a smart meter tender from a major local power distribution company in Hungary with a total contract value of EUR31.6m. In mid-July, the company’s Hungarian Factory has officially
CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 63)
22 July 2024 Investors reactions on news of Biden dropping out
CROSBY Research – Wasion Holdings (3393 HK/ BUY): Orders won from Southern Grid’s first tender
18 July 2024 Wasion announced the bidding results of the first framework tender on metering products from China Southern Power Grid, in which Wasion has won contracts of Rmb198.7m. Its subsidiary- Willfar Information Technology has also won contracts of Rmb233.4m.
CROSBY Research: Q-Tech (1478 HK/BUY): 1H24 positive profit alert on strong shipment growth and product mix enhancement
15 Jul 2024 Q-Tech issued positive profit alert and expected 1H24 net profit to surge by 400%-500% YoY to Rmb108.5mn-Rmb130.2mn. The significant increase in net profit is due to: 1) global smartphone sales rebounded and Q-Tech’s market share in major
CROSBY Research – Xtep International (1368 HK/BUY): Online growth continues to be strong
15 Jul 2024 Xtep announced its 2Q24 operational results, with retail sales for its Xtep Core Brand recorded a 10% growth YoY, accelerating from HSD YoY growth 1Q24. Offline sales recorded just a LSD YoY growth, due to overall weak
CROSBY Research – Anta Sports (2020 HK/BUY): Accelerated 2Q24 growth in retail sales
15 Jul 2024 Anta announced its 2Q24 operational results, with retail sales for its Anta Core Brand recorded a HSD growth YoY, accelerating from MSD growth in 1Q24. Adult sales continue to enjoy robust growth with a HSD YoY growth,
CROSBY Research – Johnson Electric (179 HK): Marginal decrease in 1Q25 sales
15 July 2024 Johnson Electric (JE) provided its 1QFY25 business update. JE’s sales in 1QFY25 amounted to US$935m, representing a YoY decrease of 2%. Excluding forex, its sales dropped by 1% YoY to US$943m. JE’s Automotive Products Group (APG) sales
CROSBY Research – Luk Fook (590 HK): Strong FY24 growth on borders reopening
09 Jul 2024 COVID year of 2019. Product-wise, despite a 10.2% YoY increase in average gold price, demand for told products remain strong, and thus sales from gold and platinum products were up 50.7% YoY to HK$10.4bn and accounted for