Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00973 L'OCCITANE
RTNominal up31.650 +0.050 (+0.158%)
Research Report

06/05/2020 14:00

{I-bank focus}Nomura lowers L'Occitane (00973) to HK$12.7

[ET Net News Agency, 6 May 2020] Nomura lowered its target price for L'Occitane (00973)
to HK$12.7 from HK$22.1 and downgraded its rating to "neutral" from "buy".
The research house said L'Occitane's 4Q FY2020 top-line beat investors' expectations.
The outperformance was mainly driven by Elemis, with growth remaining robust at 20%+ in
4Q FY2020, aided by the strong growth of e-commerce and TV channels.
The company estimated the sales loss from COVID-19 at EUR56mn or 17% of total sales in
4Q.
Despite L'Occitane's relative outperformance versus global peers, Nomura believes the
recovery path in western countries could be lengthy vs other China-centric peers. Nomura
lowered its FY2020-22 earnings forecasts by 10-51% to reflect the COVID-19 impact. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.