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<Research>CICC Cuts PRADA (01913.HK) TP to HKD65
CICC said in a research report that PRADA (01913.HK) charted 1Q revenue of EUR1.428 billion, representing organic YoY growth of 3%, in line with market expectations. Against the ba...
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<Research>CICC Cuts PRADA (01913.HK) TP to HKD65
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CICC said in a research report that PRADA (01913.HK)  -0.080 (-0.222%)    Short selling $17.70M; Ratio 31.749%   charted 1Q revenue of EUR1.428 billion, representing organic YoY growth of 3%, in line with market expectations. Against the backdrop of an overall industry downturn, the group's moderate growth reflects its continued gains in global market share.

In view of the impact of the Middle East conflict, the broker lowered its revenue forecasts for 2026 and 2027 by 2% to EUR6.45 billion and EUR6.764 billion, respectively, and axed its net profit forecasts by 2% to EUR817 million and EUR898 million, respectively.

In wake of downward revisions in EPS forecasts and sector valuation, the broker slashed its TP by 13.3% to HKD65 and maintained an Outperform rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.)

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