M N 19 Apr 2024 CMB International Global Markets | Equity Research | Company Update Xtep (1368 HK) Steady recovery shall continue with high yield 1Q24 operating numbers were in line with both market and our expectation. But Target Price HK$6.31 we have started to see retail sales growth acceleration since late-Mar 2024, after (Previous TP HK$6.31) the launches of more entry-level or value-for-money products like the 360X Up/Downside 41.4% running shoes. With that and the boost from e-commerce channel, we be ...