Consumer Staples, Financials Jun 16, 2021 03:33 PM (GMT+8) · EqualOcean
Xiaomo released a research report and rated Tebu international as "overweight", with a target price of HK $12.5. According to the report, the company will benefit from the marathon upsurge in the mainland and launch a multi brand strategy in 2019. Newly acquired brands such as SAUCONY, Merrell, K-Swiss and palladium will help to upgrade the products from medium price to high-grade. Xiaomo predicts that the compound annual growth rate of brand sales will reach 13% in 2021-23.