＜Research＞CICC: PRADA (01913.HK) 1H24 Results Beat, Rates Outperform

　　CICC noted in a report that PRADA (01913.HK) +1.050 (+1.946%) Short selling $9.88M; Ratio 15.106% 's 1H24 results have beaten expectations, and the broker maintained its profit forecast for this year and next year.

　　CICC kept its Outperform rating on PRADA, with a target price of HK$75, corresponding to 29.2x 2024 P/E. The current share price is 21.6x 2024 P/E.

　　Related NewsPRADA 1H24 Earnings EUR383M, Up 26%

　　According to the report, PRADA announced its 1H24 results, with net revenues of EUR2.549 billion, up 17.4% YoY at constant exchange rates and ahead of market expectations of EUR2.48 billion. Net profit hiked 26% YoY to EUR383 million.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-30 16:25.)

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