HK-listed Topsports climbs to three-week high on dividend plans

Topsports International Holdings

28/05/2026 07:52

** Shares of Topsports International Holdings 6110.HK jump 15.2% to HK$3.03, their highest point since May 5 
** Stock on course to snap four consecutive sessions of losses, if current trend holds 
** The sports shoes and apparel products distributor says its revenue for year ended in February was down 4.7% y/y and net profit down 1.5% y/y 
** Company, however, proposes to pay 0.03 yuan per share final dividend and 0.12 yuan special dividend of per share, compared with a final dividend of 0.02 yuan and special dividend of 0.12 yuan last year 
** Citi keeps "buy" rating, saying Topsorts' FY26 full-year net profit is in line with expectations while the upside surprise is the firm maintains absolute DPS flat y/y in FY26 by lifting its payout ratio to 137%, from 135% in FY25
** "At a time when investors are concerned about earnings volatility of consumer discretionary players, Topsports' stable DPS payout and high dividend yield appear appealing to investors seeking high cash return amid increased market volatility" - Citi
     ** YTD, stock down 5.5%, benchmark Hang Seng Index .HSI down 2.5%



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