Prada (01913) rose more than 4%. As of press release, it had risen 4.16% to HK$60.05, with a turnover of HK$26.684 million.
The Zhitong Finance App learned that Prada (01913) rose more than 4%. As of press release, it had risen 4.16% to HK$60.05, with a turnover of HK$268.684 million.
According to the news, UBS published a report stating that due to the strong brand momentum of the Prada brand (especially Miu Miu), Prada's revenue and gross profit performance in the fourth quarter of last year attracted global investors' interest in the stock. The bank mentioned that Prada will disclose first-quarter results after the Hong Kong stock market closes on April 24. The bank expects the company's first-quarter revenue of 1,176 billion euros, an increase of 14% at a fixed exchange rate. The bank is concerned about whether the Prada brand will experience a meaningful slowdown in growth, as was the case in the third quarter of last year, and Miu Miu should continue to accelerate growth.
Citi previously released a research report saying that since retail trends in January and February of this year remained stable compared to the fourth quarter of last year (predicted growth of ten digits), and the continued popularity of Prada and Miu Miu brands, Prada is one of the few luxury companies that can achieve double-digit revenue and profit growth this year.