close
TopNews:Prada-MarginimprovementcontinuesAction:Slightlybetterthanexpected,butsmallchinksinthearmourPradareported2Q12netprofitsofEUR166mn(slightlyhigherthanconsensus),drivenbystronger-than-expectedEBITDAmarginsof31%.
Thoughthesalesupdatewasoutlastmonth coach包包型錄,moredetailsshoworganicgrowthin2Qsloweddownabit(~20%),especiallyinItalyandNAmerica.
TheretailperformancewasdrivenbybothSSSG(19%)and69newnetstoreopeningsoverlastyear.Pradacontinuestobuckthetrendofslowingsalesfacedacrossmostoftheluxurysectors.This,inourview,wasduetothecompanybeingrelativelyunderpenetratedanditsgreaterfocusonretail coach3折包包.WeraiseourTPtoHKD57.7.Forthefullreport,pleasevisit:PradaSpA(1913HK,Neutral)-MarginimprovementcontinuesSource:NomuraresearchImportmilkpowderisupto27%cheaperthanlocalmilkpowderThepriceofimportmilkpowderissaidtobeupto27%cheaperwhencomparedtolocalmilkpowder,accordingtothenews.ImportmilkpowderiscurrentlysoldforRMB22-24k/tonnescomparedtocostofRMB30k/tonnesforlocalmilkpowder,accordingFeiheDairy’sFuGuohong.CompaniessuchasWondersun,BrightDairyandFeiheDairysaidtohavelimitedtheirprocurementofrawmilkinthenortheasternregionofChinaasaresultofthis coach2012女王新款目錄.Moreover,somefarmersinHeilongjianghavesoldofftheircowsandexitedthebusinessaltogether,accordingtothenews coach官方網.
Source:NetEaseNewsWantWantCFOincreasedstakeby10ksharesWantWantCFO coach官方網,ChuChi-wen,increasedhisstakeby10ksharesto137.2kshareson19Sep2012atanaveragepriceofHKD9.45,accordingtoHongKongStockExchange.
Source:HongKongStockExchange
Thoughthesalesupdatewasoutlastmonth coach包包型錄,moredetailsshoworganicgrowthin2Qsloweddownabit(~20%),especiallyinItalyandNAmerica.
TheretailperformancewasdrivenbybothSSSG(19%)and69newnetstoreopeningsoverlastyear.Pradacontinuestobuckthetrendofslowingsalesfacedacrossmostoftheluxurysectors.This,inourview,wasduetothecompanybeingrelativelyunderpenetratedanditsgreaterfocusonretail coach3折包包.WeraiseourTPtoHKD57.7.Forthefullreport,pleasevisit:PradaSpA(1913HK,Neutral)-MarginimprovementcontinuesSource:NomuraresearchImportmilkpowderisupto27%cheaperthanlocalmilkpowderThepriceofimportmilkpowderissaidtobeupto27%cheaperwhencomparedtolocalmilkpowder,accordingtothenews.ImportmilkpowderiscurrentlysoldforRMB22-24k/tonnescomparedtocostofRMB30k/tonnesforlocalmilkpowder,accordingFeiheDairy’sFuGuohong.CompaniessuchasWondersun,BrightDairyandFeiheDairysaidtohavelimitedtheirprocurementofrawmilkinthenortheasternregionofChinaasaresultofthis coach2012女王新款目錄.Moreover,somefarmersinHeilongjianghavesoldofftheircowsandexitedthebusinessaltogether,accordingtothenews coach官方網.
Source:NetEaseNewsWantWantCFOincreasedstakeby10ksharesWantWantCFO coach官方網,ChuChi-wen,increasedhisstakeby10ksharesto137.2kshareson19Sep2012atanaveragepriceofHKD9.45,accordingtoHongKongStockExchange.
Source:HongKongStockExchange
全站熱搜
留言列表
