Prada (01913) rose over 6%. As of press time, it rose 5.67% to HKD 59.6, with a turnover of HKD 27.8249 million.
According to the Wisdom Financial APP, Prada (01913) rose more than 6%. As of press time, it rose 5.67% to HKD 59.6, with a turnover of HKD 27.8249 million.
On the news front, Prada recently released its first-half results, with net income of 2.549 billion euros, calculated at a fixed exchange rate, a year-on-year increase of 17.4%, higher than the market's expected 2.48 billion euros; net profit increased by 26% year-on-year to 0.383 billion euros. The group's sales grew by 13.9% year-on-year to 2.49 billion euros, accounting for 97.6% of the group's revenue; retail sales grew by 18.2% year-on-year to 2.26 billion euros, accounting for 88.8% of the group's total revenue, of which Prada brand and Miu Miu brand retail sales increased by 5.5% and 92.7%, respectively.
CICC stated that Prada's first-half results exceeded expectations and maintained its profit forecast for the next two years, with a target price of HKD 75. UBS research report pointed out that Prada's performance in the second quarter of this year may be positively received by the market and reminded investors of its strong profit momentum. It recommends a "buy" rating for Prada, and the target price is set at HKD 73.5.