In 2022Q4, the company reported roughly flat growth for 361º corebrand, while 361º Kid retail sales increased by a low single digit yoy. It is understood the retail sales performance has started recoveringsince Dec2022. During the New Year’s holiday, offline retail sales rose 15% yoy. Maintain BUY and tune up TP to HK$4.70, which represents 10.0x PER for FY23E. Resilience against headwinds.We are impressed by the roughly flat growth for the retail sale of 361º core brand when most retailers suffered from the recentpandemic outbreak. This was better than that of domestic sportswear peers like Anta brand and Xtep Core brand, both of which reported high-single-digit yoydecline in 2022Q4. 361 Degrees mitigates some of the weak offline sales with its fast-growing e-commerce business. In
久期财经讯,1月13日,镇江国有投资控股集团有限公司(Zhenjiang State-owned Investment Holding Group Company Limited,简称:“镇江国投”)已完成ZHESTA 1.9 01/11/23的本息兑付。 上述债券发行规模1.5亿美元,息票率1.9%,已于2023年1月11日到期。债券由香港一联科技有限公司发行,镇江国投提供维好协议,江苏银行股份有限公司镇江分行提供备用信用证。