The Zhitong Finance App learned that TEP International (01,368) fell by more than 3%. As of press release, it was down 3.54% to HK$3.54, with a turnover of HK$12.174 million.

According to the news, on October 23, Teb International revealed the operating conditions for the third quarter of 2026. The number of units of online and offline omni-channel retail sales of the main brand fell year-on-year, with retail discounts of 7.0-25% off, and the channel inventory sales ratio was 4.5-5 months; the number of units in the online and offline omnichannel retail sales volume of the Sokoni brand increased year-on-year.

According to the Goldman Sachs Research Report, retail sales of the core brands in the third quarter were generally in line with their expectations of a year-on-year drop of about 6% in the second half of the year, but Saucone was slightly lower than the bank's original forecast of a 9% year-on-year increase in the second half of the year. China Merchants Securities International released a research report stating that the target price of Special Step International will be lowered by 14% from HK$4.3 to HK$3.7, and the rating will be downgraded from “increased holdings” to “neutral.”

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