fishtablegamblinggameonlinerealmoney| Xtep International continued to rise by more than 5% in early trading and Lyon maintained its "outperform" rating

Xtep International (01368) continued to rise in early tradingfishtablegamblinggameonlinerealmoney, shares rose 5.5fishtablegamblinggameonlinerealmoney.18%fishtablegamblinggameonlinerealmoney, now reported 5fishtablegamblinggameonlinerealmoney.89 Hong Kong dollars, with a turnover of 55.19456 million Hong Kong dollars.

Lyon published a research report stating that Xtep sold its loss-making business for a consideration of US$151 million and sold the entire share capital of KP GLOBAL, the K-Swiss and Palladium brand business, to the controlling shareholder Ding family. At the same time, the company declared a special dividend of 0.447 yuan per share.

Lyon believes that Xtep's sale of KP Global will help improve profitability and reduce burdens, and since management's goal is to complete the transaction in August this year, the impact on next year will be more obvious. In addition, since the previous closing price is close to the conversion price, the bank believes that there will be more shareholder returns in terms of dividends. The bank raised its group target price from HK$5.1 to HK$5.5, maintaining its "outperform" rating.