I. T Limited is a Hong Kong-based investment holding company principally engaged in the retailing of fashion apparels and accessories. The Company's products are from international designer's brands, in-house brands and licensed brands. Its international designer's brands include Alexander McQueen, Celine, Gucci and Kenzo, among others. Its in-house brands include izzue, 5cm, CHOCOOLATE, AAPE and Venilla suite, among others. Its licensed brands include MLB, among others. The Company operates through five geographical segments, including Hong Kong segment, Mainland China segment, Japan segment, Macau segment and Others segment.
  • Ticker00999
  • ISINBMG4977W1038
  • ExchangeHong Kong Stock Exchange
  • SectorGeneral Retailers
  • CountryBermuda

Analysts

Increased risk weighs on IT LTD., penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of IT LTD. (HK), active in the Apparel Retailers industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date December 20, 2019, the closing price was HKD 1.79 and its target price was estimated at HKD 1.56.

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

UOB
Julia Cheung Pui Man ...
  • Lee Yuk Kei

I.T (999 HK): 1HFY20: Posts net loss amid macro uncertainty. HOLD

In line with its earlier profit warning, I.T reported a 1HFY20 net loss of HK$72m last night (vs 1HFY19 net profit of HK$113m) on a revenue decline of 1.2% yoy to HK$4,015m, mainly due to operating losses from Hong Kong and Macau as a result of weak consumer sentiment and inbound tourist arrivals. Gross margin contracted 1.9ppt yoy, driven mainly by earlier-than-usual discounting activities in Hong Kong and Macau. Japan & US SSS growth slowed to a low-single-digit. Maintain HOLD with a target price of HK$1.85. Entry price: HK$1.58.

UOB
Joyce Chan Pui Lai ...
  • Julia Cheung Pui Man
  • Lee Yuk Kei
  • Neo Chen Wentao
  • Sandra Huang Jieqiong
  • Shaun Tan

Greater China Daily: Monday, May, 27, 2019

KEY HIGHLIGHTS CHINA Sector Coal A gloomy 2019, downgrade to UNDERWEIGHT. Results I.T (999 HK/HOLD/HK$3.75/Target: HK$3.69) FY19: In line; no change to store expansion strategy in China. HONG KONG Sector Property Weekly Wrap-up: REDA relaxes sales guidelines. TRADERS’ CORNER China Gas (384 HK): Trading Buy Range Tsingtao Brewery (168 HK): Trading Sell Range

UOB
Desmond Chong Chee Wai ...
  • Jonathan Koh
  • Jovin Anwar
  • Julia Cheung Pui Man
  • Kong Ho Meng
  • Lee Yuk Kei
  • Loke Pei Hao
  • Neo Chen Wentao
  • Philip Wong
  • Sandra Huang Jieqiong
  • Shaun Tan
  • Thunya Sutavepramochanon

Regional Morning Notes - Monday, May 27, 2019

CHINA Sector Coal: A gloomy 2019, downgrade to UNDERWEIGHT. Results I.T (999 HK/HOLD/HK$3.75/Target: HK$3.69): FY19: In line; no change to store expansion strategy in China. HONG KONG Property: Weekly Wrap-up: REDA relaxes sales guidelines. INDONESIA Update Charoen Pokphand Indonesia (CPIN IJ/HOLD/Rp4,650/Target: Rp5,000): Upgrade to HOLD; trading cheaply at near -2SD to mean PE despite expected 19.2% yoy net profit decline in 2019. MALAYSIA Results Kossan Rubber (KRI MK/HOLD/RM3.82/Target: RM3.70): 1Q19: Results beat our expectations as margins held up. Retained production expansion timeline ...