Hua Fu Jia Luo: It Is Not Suitable To Buy BELLE International For The Time Being

International (01880) announced yesterday that the end of August this year, the second quarter of retail sales data, during the same period, footwear sales in the same store decreased by 2.8%, sports and clothing business same store sales increased 14.4%.

In the second quarter, the number of retail outlets in China decreased by 56.

In the first quarter of May this year, BELLE's footwear business in the same store decreased by 1.8%, while the sales of sports and clothing stores increased by 15.3%, which means that the single largest business, namely, the sales reduction of footwear business increased. The second major businesses, namely sports and clothing sales, also slowed down, both of which were not conducive to the growth of turnover.

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As of the end of February this year, 14 months of performance calculations, BELLE international current price is equivalent to 14 times earnings per track, valuations are not attracted, some technical indicators such as fast / slow random index volatility pointer also shows that the trend of the stock is weakening, we expect BELLE international stock price still has room for decline, temporarily not suitable to buy.