not vested
PE 32; EPS Growth 15% ?
PRADA (01913.HK) reiterated Buy as 2Q revenue remains strong - Citi
2013-08-09
Citigroup mentioned in a report that PRADA (01913.HK)'s same store sales rose 7% in the second quarter, which is below the broker's estimate and may post negative impact on the share price.
Meanwhile, the sales of Prada leather products outperformed its peers, which helped boost up the group's gross profit.
The broker maintained the EBITDA forecast at EUR1.26 billion, representing an increase of 20% year-on-year.
The Buy rating was reiterated with target at $90 unchanged.
Source: AAStocks Financial News
|
|
Prada 1913
Re: Prada 1913
by winston » Tue Sep 17, 2013 8:49 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118728
- Joined: Wed May 07, 2008 9:28 am
Re: Prada 1913
by winston » Wed Sep 18, 2013 5:50 am
Prada wary after earnings miss
Italian fashion company Prada (1913) reported first-half profit that missed analysts' estimates and said it will monitor economic conditions as it opens more stores.
First-half net income advanced 7.6 percent to 308.2 million euros (HK$3.19 billion) in the six months through July, the Milan-based company said yesterday. Analysts predicted 321.4 million euros, based on the average of five estimates.
Prada's first-half revenue growth slowed to a third of the rate in the same period last year as demand for luxury goods cooled in the mainland.
Profit was also weighed down by currency fluctuations as well as a higher tax rate, the company said.
"Despite an uncertain and extremely volatile economic environment, we can look ahead with confidence to the near future," Prada chief executive Patrizio Bertelli said.
Six-month sales gained 12 percent to 1.73 billion euros, Prada reported last month.
Prada's earnings were released after the market closed. Its shares fell 0.7 percent to HK$79.65 yesterday, giving the company, which listed in Hong Kong in June 2011, a market value of HK$203.8 billion.
Source: BLOOMBERG
Italian fashion company Prada (1913) reported first-half profit that missed analysts' estimates and said it will monitor economic conditions as it opens more stores.
First-half net income advanced 7.6 percent to 308.2 million euros (HK$3.19 billion) in the six months through July, the Milan-based company said yesterday. Analysts predicted 321.4 million euros, based on the average of five estimates.
Prada's first-half revenue growth slowed to a third of the rate in the same period last year as demand for luxury goods cooled in the mainland.
Profit was also weighed down by currency fluctuations as well as a higher tax rate, the company said.
"Despite an uncertain and extremely volatile economic environment, we can look ahead with confidence to the near future," Prada chief executive Patrizio Bertelli said.
Six-month sales gained 12 percent to 1.73 billion euros, Prada reported last month.
Prada's earnings were released after the market closed. Its shares fell 0.7 percent to HK$79.65 yesterday, giving the company, which listed in Hong Kong in June 2011, a market value of HK$203.8 billion.
Source: BLOOMBERG
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118728
- Joined: Wed May 07, 2008 9:28 am
Re: Prada 1913
by winston » Mon Dec 30, 2013 7:32 pm
not vested
PRADA (01913.HK) downgraded to Neutral with target cut to $74 by JPM
JP Morgan pointed out the quarterly results of PRADA (01913.HK) +1.300 (1.898%) Short selling $32.60M; Ratio 36.935% have missed projection, due to higher operating costs and tax rate.
The company has also stressed consumptions in Europe had weakened, and retail sales had remained stagnant in November and December.
Same-store sales in 3Q rose 7%, and the softened JPY and USD had dragged sales growth in Japan and the US.
Target price dropped from $87 to $74, and rating was downgraded from Overweight to Neutral, thanks to slowdown in luxury goods market.
The bank estimated 2014 gross margin will expand to 74%, and EBIT will stay at 27.6%.
Source: AAStocks Financial News
PRADA (01913.HK) downgraded to Neutral with target cut to $74 by JPM
JP Morgan pointed out the quarterly results of PRADA (01913.HK) +1.300 (1.898%) Short selling $32.60M; Ratio 36.935% have missed projection, due to higher operating costs and tax rate.
The company has also stressed consumptions in Europe had weakened, and retail sales had remained stagnant in November and December.
Same-store sales in 3Q rose 7%, and the softened JPY and USD had dragged sales growth in Japan and the US.
Target price dropped from $87 to $74, and rating was downgraded from Overweight to Neutral, thanks to slowdown in luxury goods market.
The bank estimated 2014 gross margin will expand to 74%, and EBIT will stay at 27.6%.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118728
- Joined: Wed May 07, 2008 9:28 am
Re: Prada 1913
by winston » Tue Jan 14, 2014 7:23 pm
not vested
PRADA (01913.HK) rated Buy, target reduced to $86 - Citi
Citigroup said in a report that PRADA (01913.HK) -0.550 (0.831%) Short selling $47.10M; Ratio 42.265% 's share price has declined around 4% year to date, reflecting that its operating revenue has returned to normal, especially in the same store sales growth, which dropped from 2012's 14% to about 7% in 2013, the end of the two-year profit upswing cycle, higher pressure of Miu Miu's revenue/profit margin and the unfavorable factors in the exchange rate and macro-economy.
However, the bank expects Prada's revenue/EBITDA/CAGR of EPS to reach 11%/15%/17% in 2013/14/15.
Citigroup reduced the EBITDA forecasts for 4Q2013 and 2014 by 4% and 8%, and cut the EPS forecasts for 2013/14 by 8% and 12% respectively.
Target price was trimmed from $90 to $86 with the Buy rating unchanged.
Source: AAStocks Financial News
PRADA (01913.HK) rated Buy, target reduced to $86 - Citi
Citigroup said in a report that PRADA (01913.HK) -0.550 (0.831%) Short selling $47.10M; Ratio 42.265% 's share price has declined around 4% year to date, reflecting that its operating revenue has returned to normal, especially in the same store sales growth, which dropped from 2012's 14% to about 7% in 2013, the end of the two-year profit upswing cycle, higher pressure of Miu Miu's revenue/profit margin and the unfavorable factors in the exchange rate and macro-economy.
However, the bank expects Prada's revenue/EBITDA/CAGR of EPS to reach 11%/15%/17% in 2013/14/15.
Citigroup reduced the EBITDA forecasts for 4Q2013 and 2014 by 4% and 8%, and cut the EPS forecasts for 2013/14 by 8% and 12% respectively.
Target price was trimmed from $90 to $86 with the Buy rating unchanged.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118728
- Joined: Wed May 07, 2008 9:28 am
Re: Prada 1913
by winston » Mon Feb 10, 2014 4:05 pm
not vested
<Research Report>PRADA (01913.HK) target cut to $87, rated Overweight - MS
Morgan Stanley pointed out PRADA (01913.HK) had guided to record stable EBITDA margin this year due to climbing sales expenditure, reflecting slowdown in the luxury industry in 2014, and leading to sluggish share price in recent months.
2013-2015 earnings forecasts were trimmed by 10%, 12% and 10% respectively. Target price was lowered from $95 to $87, representing 27x to 2014 P/E estimate.
Nevertheless, the current share price provides subscription opportunity to investors, thus rating was retained at Overweight.
Source: AAStocks Financial News
<Research Report>PRADA (01913.HK) target cut to $87, rated Overweight - MS
Morgan Stanley pointed out PRADA (01913.HK) had guided to record stable EBITDA margin this year due to climbing sales expenditure, reflecting slowdown in the luxury industry in 2014, and leading to sluggish share price in recent months.
2013-2015 earnings forecasts were trimmed by 10%, 12% and 10% respectively. Target price was lowered from $95 to $87, representing 27x to 2014 P/E estimate.
Nevertheless, the current share price provides subscription opportunity to investors, thus rating was retained at Overweight.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118728
- Joined: Wed May 07, 2008 9:28 am
Re: Prada 1913
by winston » Mon Feb 10, 2014 4:08 pm
not vested
<Research Report>PRADA (01913.HK) rated Buy with target cut to $76 by Deutsche
Deutsche Bank noted in a research report that PRADA (01913.HK)'s growth and profits were better than most of its peers. The recent correction in the stock price has made the valuation attractive.
The Buy rating is reiterated, with target price cut from $81 to $76.
The Bank lowered the EPS forecast for the next three years by 3%, 4% and 7% due to new store performance, lower profit margin and rising tax rate. It added that the profitability forecast may be raised as the investment in Miu Miu may be a driving force.
Source: AAStocks Financial News
<Research Report>PRADA (01913.HK) rated Buy with target cut to $76 by Deutsche
Deutsche Bank noted in a research report that PRADA (01913.HK)'s growth and profits were better than most of its peers. The recent correction in the stock price has made the valuation attractive.
The Buy rating is reiterated, with target price cut from $81 to $76.
The Bank lowered the EPS forecast for the next three years by 3%, 4% and 7% due to new store performance, lower profit margin and rising tax rate. It added that the profitability forecast may be raised as the investment in Miu Miu may be a driving force.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118728
- Joined: Wed May 07, 2008 9:28 am
Re: Prada 1913
by winston » Thu Apr 03, 2014 6:46 am
Prada predicts slowing sales as demand in Asia falls
Prada (1913), the Italian fashion house, forecast slowing sales growth this year amid a maturing Chinese market and soft demand in Europe.
Same-store sales will rise at a low single-digit pace in the financial year through January 2015, Milan-based Prada said yesterday, less than last year's 7 percent increase. Net income in the year through January rose 0.3 percent to 627.8 million euros (HK$6.70 billion).
Analysts had predicted 656.3 million euros in a Bloomberg survey.
"The strength of the euro does not help exports," Prada said. The group will balance its attempts to achieve growth and development in order to ensure that the results achieved to date are built upon in future.
"All in all, a bit underwhelming," said Rahul Sharma, managing director of Neev Capital in London. "I do think a larger base is starting to hurt demand a bit." Prada's outlook is in keeping with the broader luxury-goods industry, where growth is being pegged back by softening demand in Europe and Asia.
The industry expanded 2 percent to 217 billion euros last year, according to Bain & Co.
Prada said the long-term outlook for luxury goods remains strong, and the market is likely to grow 3 percent to 5 percent annually to as much as 255 billion euros through 2016, it said, citing Altagamma.
Revenue climbed 8.8 percent to 3.59 billion euros last year, slowing in the fourth quarter. Prada shares slipped 2 percent to HK$61.75 yesterday.
Source: BLOOMBERG
Prada (1913), the Italian fashion house, forecast slowing sales growth this year amid a maturing Chinese market and soft demand in Europe.
Same-store sales will rise at a low single-digit pace in the financial year through January 2015, Milan-based Prada said yesterday, less than last year's 7 percent increase. Net income in the year through January rose 0.3 percent to 627.8 million euros (HK$6.70 billion).
Analysts had predicted 656.3 million euros in a Bloomberg survey.
"The strength of the euro does not help exports," Prada said. The group will balance its attempts to achieve growth and development in order to ensure that the results achieved to date are built upon in future.
"All in all, a bit underwhelming," said Rahul Sharma, managing director of Neev Capital in London. "I do think a larger base is starting to hurt demand a bit." Prada's outlook is in keeping with the broader luxury-goods industry, where growth is being pegged back by softening demand in Europe and Asia.
The industry expanded 2 percent to 217 billion euros last year, according to Bain & Co.
Prada said the long-term outlook for luxury goods remains strong, and the market is likely to grow 3 percent to 5 percent annually to as much as 255 billion euros through 2016, it said, citing Altagamma.
Revenue climbed 8.8 percent to 3.59 billion euros last year, slowing in the fourth quarter. Prada shares slipped 2 percent to HK$61.75 yesterday.
Source: BLOOMBERG
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118728
- Joined: Wed May 07, 2008 9:28 am
Re: Prada 1913
by winston » Thu Apr 03, 2014 4:09 pm
not vested
PRADA (01913.HK) slumps almost 7% to $56.4 as 2013 profit stagnates
PRADA (01913.HK) dived below 50MA, 10MA and 20MA ($57.82) and hit day low at $56.4 as its 2013 profits stagnated.
The stock last receded 6.8% to $57.55 on trading volume soaring to 6.97 million shares.
PRADA reported its net profit inched up only by 0.3% to EUR628 million in 2013. JP Morgan lowered PRADA's 2015-16 earnings forecasts by 10%-11% and cut its target price by 19% to $60.
Source: AAStocks Financial News
PRADA (01913.HK) slumps almost 7% to $56.4 as 2013 profit stagnates
PRADA (01913.HK) dived below 50MA, 10MA and 20MA ($57.82) and hit day low at $56.4 as its 2013 profits stagnated.
The stock last receded 6.8% to $57.55 on trading volume soaring to 6.97 million shares.
PRADA reported its net profit inched up only by 0.3% to EUR628 million in 2013. JP Morgan lowered PRADA's 2015-16 earnings forecasts by 10%-11% and cut its target price by 19% to $60.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118728
- Joined: Wed May 07, 2008 9:28 am
Re: Prada 1913
by winston » Mon May 12, 2014 4:20 pm
not vested
PRADA (01913.HK) rated Neutral, target reduced to $58 - JPM
2014-05-12
JP Morgan reduced its FY2014 earnings forecast on PRADA (01913.HK) -1.250 (2.042%) Short selling $6.89M; Ratio 26.839% by 3% and assumed a sales growth of 8% driven by shop openings and same store sales growth of 3%.
Following a relatively weak February, sales in March and April have sequentially improved but still remained lackluster dragged down by a relatively weak Europe and Italy.
The broker projected a sales growth of 5% in 1HFY14 and expected this to improve to 10% in 2HFY14.
PRADA was rated Neutral with target price reduced from $60 to $58.
Source: AAStocks Financial News
PRADA (01913.HK) rated Neutral, target reduced to $58 - JPM
2014-05-12
JP Morgan reduced its FY2014 earnings forecast on PRADA (01913.HK) -1.250 (2.042%) Short selling $6.89M; Ratio 26.839% by 3% and assumed a sales growth of 8% driven by shop openings and same store sales growth of 3%.
Following a relatively weak February, sales in March and April have sequentially improved but still remained lackluster dragged down by a relatively weak Europe and Italy.
The broker projected a sales growth of 5% in 1HFY14 and expected this to improve to 10% in 2HFY14.
PRADA was rated Neutral with target price reduced from $60 to $58.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118728
- Joined: Wed May 07, 2008 9:28 am
Re: Prada 1913
by winston » Fri Jun 06, 2014 6:31 am
not vested
Prada sales reflect worry over luxury
First-quarter profit for Prada SpA (1913) missed estimates of analysts and added to concern about luxury goods sales in Asia.
Net income in three months to the end of April fell 24 percent to 105.3 million euros (HK$1.1 billion), also being hurt by the euro's strength against currencies such as the Japanese yen, Milan- based Prada revealed yesterday.
Seven analysts on average predicted 129.7 million euros.
Sales in the Asia-Pacific fell 2.6 percent, which Prada attributed to a slowing in Hong Kong, South Korea and Singapore. Slower growth in Europe also weighed on the industry.
The company forecast in April that same-store sales will rise at a low single-digit pace this year - in line with Italian trade group Altagamma's estimate for annual luxury-market growth of 3 percent to 5 percent.
The quarter was also one of transition, Prada said.
Revenue was affected by a program of closing some wholesale accounts to improve its image and stagnant domestic demand in some parts of Europe. Sales there declined 4.1 percent.
The stock fell 1 percent to HK$57.40 in Hong Kong yesterday before the data on earnings were released.
Source: BLOOMBERG
Prada sales reflect worry over luxury
First-quarter profit for Prada SpA (1913) missed estimates of analysts and added to concern about luxury goods sales in Asia.
Net income in three months to the end of April fell 24 percent to 105.3 million euros (HK$1.1 billion), also being hurt by the euro's strength against currencies such as the Japanese yen, Milan- based Prada revealed yesterday.
Seven analysts on average predicted 129.7 million euros.
Sales in the Asia-Pacific fell 2.6 percent, which Prada attributed to a slowing in Hong Kong, South Korea and Singapore. Slower growth in Europe also weighed on the industry.
The company forecast in April that same-store sales will rise at a low single-digit pace this year - in line with Italian trade group Altagamma's estimate for annual luxury-market growth of 3 percent to 5 percent.
The quarter was also one of transition, Prada said.
Revenue was affected by a program of closing some wholesale accounts to improve its image and stagnant domestic demand in some parts of Europe. Sales there declined 4.1 percent.
The stock fell 1 percent to HK$57.40 in Hong Kong yesterday before the data on earnings were released.
Source: BLOOMBERG
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118728
- Joined: Wed May 07, 2008 9:28 am
Who is online
Users browsing this forum: No registered users and 1 guest