Zhongjin: Maintain the "outperform the industry" rating with a target price of 5.2 Hong Kong dollars

GoldenOctober2024

On January 15th, Jin10 Data reported that CICC released a research report stating that it maintains a “outperform” rating on 361 Degrees (01361.HK), with EPS forecast for 2024/25 unchanged at 0.52/0.60 yuan and introducing EPS forecast for 2026 of 0.68 yuan. Valuation switch to 2025, maintaining a target price of HKD 5.2. In the fourth quarter of 2024, the company announced that 361 Degrees’ main brand offline retail sales rose by about 10% YoY, 361 Degrees’ children’s wear offline retail sales rose by 10-15% YoY, and 361 Degrees’ e-commerce platform retail sales rose by 30-35% YoY.

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