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PwC predicts that china's luxury goods market will leap to the top of the global ranking by 2030.
PwC predicts that by 2030, China will become the world's largest individual luxury goods market with a market size of $148 billion. Intergenerational wealth transfer, new customer development, the rise of experiential luxury goods, hainan's high growth potential, and the improvement of online and offline services will all drive this growth.
Ernest Borel [01856] is now trading at 1.36 Hong Kong dollars, falling by 15.00%.
As of 13:46, Ernest Borel [01856] reported a price of 1.36 Hong Kong dollars, compared to yesterday's closing price of 1.6 Hong Kong dollars, a decrease of 0.24 Hong Kong dollars or 15.00%, with a turnover of 0.2591 million Hong Kong dollars. Today's highest price is 1.75 Hong Kong dollars, lowest price is 1.36 Hong Kong dollars. Based on the closing price of yesterday, the 10-day average price is 1.47 Hong Kong dollars, 50-day average price is 1.43 Hong Kong dollars, and the current PE ratio is 30.19 times, with a 14-day relative strength index of 57.78.
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A difficult Q2 report card for luxury goods: zero revenue growth, price increases and promotions together, with Hermès "holding up the roof".
Bank of America Merrill Lynch stated that the second-quarter weighted average income of the luxury goods industry recorded zero growth, the lowest in fifteen quarters, and also showed trends such as brand polarization, negative growth in hard luxury income, and deteriorating demand in the USA.
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