HK-listed 361 Degrees eyes best day in 2 weeks on upbeat outlook

Xtep International Holdings

05/08/2021 03:37

** Shares of sportswear group 361 Degrees International Ltd
 1361.HK  6.1% to HK$3.68, set for best day since July 23 
    ** Stock extends gains for fourth consecutive session
    ** Fujian-based co expects net profit for six months ended
in June to increase 30% y/y, thanks to over 15% growth in rev
with continuous improvement in operating margin  urn:newsml:reuters.com:*:nFWN2PB17Z
    ** Rival Xtep  1368.HK  surges 7.4% to HK$13.66
    ** Bigger rival ANTA Sports  2020.HK  rises 1.4% and Li Ning
 2331.HK  gains 0.7% 
    ** The Hong Kong Hang Seng consumer goods and services index
 .HSCGSI  rises 0.9%, and the Hang Seng Composite Index  .HSCI 
climbs 0.3%
    ** The Hang Seng China Enterprises Index  .HSCE  gains 0.3%,
and the benchmark index  .HSI  increases 0.5%
    ** The stock soared 221% this year, as of last close 

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