No Data
Is Prada (HKG:1913) Using Too Much Debt?
The ladies support Miu Miu.
The growth of luxury goods depends on the second-tier brands.
Hong Kong Stock Market Surges: Prada (01913) rose over 6% in the afternoon, with first half performance exceeding expectations. MiuMiu's retail sales were close to doubling.
Prada (01913) rose more than 6% in the afternoon. As of press time, it rose 4.74% to HKD 57.4, with a turnover of HKD 32.7296 million.
Brokerage Focus: Tianfeng Securities raises Prada (01913) to a "buy" rating, expecting Miu Miu's fashion show to bring continued attention to the brand.
Tianfeng's research report states that Prada (01913) had a revenue of 2.55 billion euros in the first half of the year, a 17.4% increase year-on-year; Net income was 0.38 billion euros, a 25.7% increase year-on-year (fixed exchange rate applied). The increase in revenue was mainly due to full-price sales and increase in sales volume. Among them, Miu Miu's retail sales in 1H24 performed exceptionally well, with a year-on-year increase of 92.7%, achieving strong growth in various regions and product categories. Through acclaimed fashion shows and engaging events, Miu Miu's community enthusiasm remained high, and the brand continued to shine. All categories of the brand have performed well.
Hong Kong Retail Sales Improve Slightly But Stay in Decline -- Market Talk
Hong Kong Stock Market Movement | Prada (01913) rose more than 6%, first-half performance exceeded expectations, UBS pointed out that its profit momentum is strong.
Prada (01913) rose more than 6%, as of press time, up 5.67%, at HK$59.6 with a turnover of 27.8249 million Hong Kong dollars.
No Data
