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Prada (HKG:1913) Is Looking To Continue Growing Its Returns On Capital
Full-line decline! Is the way out for LVMH to "sink"?
Industry indicators show that LVMH's sales growth was lower than expected, and on Wednesday global luxury goods stocks fell. Analysis suggests that while high-end luxury goods manufacturers have far better performance than companies primarily targeting the middle class, in the long run middle-class consumers are still the main customer group for big brands. Some brands have already started quietly lowering prices in hopes of winning back middle-class consumers.
Haitong Sec: The fashion consumer industry may form a market of over 10 trillion yuan, and the growth center is expected to achieve nearly 10% in the next five years.
Snack food is a "large industry + small companies." It is currently going through the fourth stage of channel transformation. Chinese and domestic snack brands are rising, and enterprises with multiple categories and supply chain capabilities will have better opportunities.
Edward Yau: There is still considerable room for growth in online sales in Hong Kong. The first "Hong Kong Goodies Festival" will be held next month.
Hong Kong Financial Secretary Paul Chan said that the value of online retail sales in Hong Kong's retail trade increased nearly 60% to HK$ 32.5 billion from 2020 to 2023 period.
CICC Equities maintains a 'outperform' rating on Prada (01913), with a target price of HK$65.
CITIC Lyon raised Prada's (01913) expected sales and net profit for 2024 by 2% and 3%, respectively.
Prada Should Be Among the Winners in the Luxury Sector -- Market Talk
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