Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01913 PRADA
RTNominal up63.350 +1.700 (+2.758%)
Others

28/11/2018 17:45

[I-bank focus]Credit Suisse starts Prada (01913) at HK$36

[ET Net News Agency, 28 November 2018] Credit Suisse initiated coverage of Prada SpA
(01913) with an "outperform" rating and HK$36 target price.
Following four years of declines, the research house expects a gradual recovery in sales
and a rebound in margins from near historical lows, driving an 18% average EPS growth over
2017-20.
The stock has corrected by 35% since the highs of this May amidst a wider sector/market
sell-off and Credit Suisse believes the current share price offers an attractive entry
point.
Prada Group will report 2018 results in March 2019. Risks include brand fatigue, China
macro, euro weakness and any potential placings by the Prada/Bertelli family, which owns
80% of the company.
Credit Suisse finds the current valuation attractive relative to peers. The stock is
trading at 22x 2019 P/E versus 21x for the luxury sector, but it expects Prada Group to
deliver the second-fastest EPS growth. (KL)

Back to Others

Remark: Real time quote last updated: 26/04/2024 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.