1913 HK

Prada Spa

Consumer


Presented:05/23/2023
Price:HK$56.90
Cap:$18.77B
Current Price:HK$53.40
Cap:$17.62B

Presented

Date05/23/2023
PriceHK$56.90
Market Cap$18.77B
Ent Value$16.26B
P/E Ratio38.24x
Book ValueHK$11.34
Div Yield1.66%
Shares O/S2,558.82M
Ave Daily Vol1,149,385
Short IntN/A

Current

PriceHK$53.40
Market Cap$17.62B
Prada SpA operates as a holding company, which engages in the manufacture and distribution of luxury goods. Its products include leather goods, handbags, footwear, apparel, accessories, eyewear, and fragrances. Its brands include Miu Miu, Church's, Cas Shoe, and Pasticceria Marchesi. The company was founded by Mario Prada in 1913 and is headquartered in Milan, Italy.

Publicly traded companies mentioned herein: Kering Unsponsored France ADR (PPRUY), PRADA SpA (1913 HK), 

Highlights

The presenter is long shares of Prada (1913 HK) and is upbeat about the brand's recent moves, including cutting wholesale exposure, cutting unprofitable stores/SKUs, and introducing new products at higher prices. Prada’s core exposure falls into what has been characterized most recently as a quiet luxury, which has been trending favorably against flashy logo-heavy and vibrant colors products (e.g., Gucci). Luxury spending is still very strong, despite some recently reported clouds on the horizon. A potential catalyst on the horizon would see the shares being listed in Italy.

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Idea Discussion

Commentor 1 - 2 weeks ago

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