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CICC Trims TOPSPORTS (06110.HK) TP to $3.88, Keeps Outperform Rating
2025-12-24 10:41:13
TOPSPORTS (06110.HK)'s results for 3FQ26 ended November 2025 were in line with company expectations, with a cautious outlook ahead, CICC released a research report saying.

Considering weak demand and the main brand remaining in adjustment phase, the broker lowered its FY2026/ 2027 EPS forecasts for the Company by 4%/ 13% to RMB0.2/ RMB0.23.

The current share price corresponds to a forecasted PE ratio of 14x/ 12x for FY2026/ 2027. Therefore, CICC kept rating at Outperform, and trimmed its target price by 7% to $3.88 accordingly, corresponding to projected PE ratios of 17x/ 15x for FY2026/ 2027.
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