SEHK:1368Luxury
Xtep (SEHK:1368) Stock Can Premium Running Offset Softer Earnings
Xtep International Holdings entered these results with a stock that had drifted, rising about 6% over the past week but still showing a weaker 90-day stretch. The headline today is straightforward: the market is looking at a low P/E of 6.9x and a high dividend yield near 7.7%, while the latest half year shows solid profitability with net income of RMB 817.9m.
The question for investors is whether the sharp discount to a DCF value near HK$15.90 and the raised interim dividend reflect caution...