Prada (01913) rose more than 3%, as of the press time, it rose by 3.09%, reported 55 Hong Kong dollars, with a turnover of 0.12 billion Hong Kong dollars.
Financial news app learned that Prada (01913) rose more than 3%, as of the press time, it rose by 3.09%, reported 55 Hong Kong dollars, with a turnover of 0.12 billion Hong Kong dollars.
On the news front, according to reports, insiders said that Prada has leased an 8,000 square feet store in K11 Musea, a luxury shopping mall by New World Development located seaside. Some insiders said that the new store has two floors and will start construction soon, and is expected to open early next year. Some insiders said that the rent may be partly dependent on the store's sales. This will be the first large-scale new store opened by Prada in Hong Kong in recent years.
In addition, Prada will announce its interim results tomorrow. Recent research reports from Lyon pointed out that Prada's second quarter sales are expected to increase by 12% year-on-year at fixed exchange rates, and Prada and Miu Miu brand's retail sales are expected to increase by 5% and 60%, respectively, at fixed exchange rates. In terms of regions, the bank expects the Japanese market to perform the strongest. The bank raised its sales and net income forecast for Prada by 2% and 3% this year, and is bullish on the company's performance surpassing its peers this year.