Changes in Hong Kong stocks | Hong Kong retail stocks generally fell by more than 4%, and Hong Kong's retail sales fell by nearly 15% year on year in April, falling short of expectations
Hong Kong retail stocks generally declined. As of press release, Baoshilong (00592) fell 4.2% to HK$0.114; Lukfook Group (00590) fell 3.34% to HK$18.52; and Salsa International (00178) fell 2.56% to HK$0.76.
Express News | Jia Ling became Prada brand ambassador
EXCLUSIVE: Prada Names China's Hottest Comedian-turned-director Jia Ling Brand Ambassador
Prada Focused on Brand Building, Not Acquisitions, FT Reports
-- Prada is not seeking large-scale acquisitions and will focus on strengthening its own brands, the Financial Times reports, citing the company's Chief Executive Andrea Guerra speaking at the FT Busi
Express News | Prada CEO rules out possibility of major mergers and acquisitions
Prada CEO Not Eyeing Big Acquisitions as Brand Focus Is Priority
Prada Not Looking at M&A, Sees 'Positive Surprise' From US, CEO Says
Tianfeng Securities: First payable to Prada (01913) “increase in holdings” rating, revenue and net profit increased steadily last year
Tianfeng Securities estimates that the revenue for Prada (01913) from 2024 to 26 will be 5.106 billion, 5.525 billion, and 6.01 billion euros, respectively.
Prada (01913.HK): Luxury industry leader, China leads market growth
A global leader in the luxury industry, its many fashion brands are redefining contemporary luxury. The Prada Group is a global leader in the luxury industry and a pioneer in unconventional dialogue with contemporary society in different cultural fields. Owned by the company
Express News | Tianfeng Securities gave Prada an initial rating for increasing its holdings.
Bank Rating | Citibank: Raising Prada's Target Price to HK$65.5 to Maintain a “Neutral” Rating
Glonghui, May 11 | Citigroup released a research report saying that due to stronger than expected retail sales in Europe and Japan and Miu Miu's strong growth, Prada's sales for the first quarter of 2024 were about 2% higher than expected, so the company's forecast was raised. The target price was raised from HK$62.5 to HK$65.5, maintaining a “neutral” rating. According to the report, the retail trend in April was consistent with the first quarter of 2024. Due to Miu Miu's high retail assumptions, the bank raised the Group's revenue growth forecast for FY2024 by 13% based on a fixed recovery rate, and remained largely unchanged for FY25. Coupled with the reduction in foreign exchange disadvantages, this
Prada Group Signals It Is Open to M&A, as It Amps Up Investments in Industrial Structure
Prada Heir Says Italian Luxury Group Is Open to Doing More MA
Prada Heir Says Group Always Looking for M&A Opportunities
Changes in Hong Kong stocks | Prada (01913) rose more than 6% in the afternoon to a new high, first-quarter sales beat expectations, Miu Miu grew strongly
Prada (01913) rose more than 6% in the afternoon, reaching a new high of HK$66.4 since December 2013. As of press release, it rose 5.55% to HK$65.6, with a turnover of HK$65,149,900.
Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Yum! Brands (YUM), Prada SpA (OtherPRDSF) and Marriott International (MAR)
Express News | Li Jiachao: Will seek to open up more “individual tourist” cities to Hong Kong
Prada SpA's Dividend Analysis
Analysts Conflicted on These Consumer Cyclical Names: Prada SpA (OtherPRDSF), Ford Motor (F) and Domino's Pizza (DPZ)
Bank Rating | Jefferies: Raising Prada's Target Price to HK$64 to Maintain “Hold” Rating
Jefferies published a research report. Prada's strong performance in the first quarter shows that in the face of unstable demand in the luxury goods industry, the difference in performance between winners and laggards is getting bigger. The group's brand Miu Miu continues to drive growth. Investors are expected to be happy that the strong growth trend will continue into the second quarter. However, Jefferies cautioned that it is currently unclear whether Prada's strong performance represents the latest developments in a wider range of industries. The company maintains a “holding” rating. The target price was raised from HK$58 to HK$64.
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