Chinese sportswear group 361 Degrees hits near 2-month high on solid Q4 sales

361 Degrees International

16/01/2024 02:53

** Shares of Chinese sporting goods manufacturer 361 Degrees
International Ltd  1361.HK  climb 4.4% to HK$3.78, their highest
since Nov 22, and on course for a sixth straight session of gain
    ** Co says retail sales value of its core branded products
increased more than 20% YoY in Q4, kids branded products up 40%,
and overall retail sales of its e-commerce products up over 30%
    ** The Hang Seng Consumption Index  .HSCGSI  eases 0.7%, 
while the Hang Seng Commerce & Industry Index  .HSNC  and the
Hang Seng Index  .HSI  both slip 0.5%
    ** Stock up 4.9% YTD 

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))