智通财经APP获悉，里昂发布研报称，普拉达(01913)今年第三季度的零售销售，大致符合市场预期，按固定汇率计算同比增长7.6%；Prada和Miu Miu品牌的零售销售，也大致符合市场预期，分别为年减0.8%、年增29%。两年叠加来看，两个品牌季度表现稳健，包括Prada核心品牌在今年第二季度、第三季度分别年增1%、1%；Miu Miu则分别年增136%、134%。里昂维持普拉达目标价50港元和“跑赢大市”评级，因普拉达仍在扩大市占率，但以26倍企业价值/息税前利润计算，其估值偏低，相较于同行平均折让53%。
里昂表示，就Prada核心品牌而言，中国市场虽然仍为负增长，但在第三季已出现环比改善。美洲、欧洲、日本市场均实现正增长，并在强劲的本地需求及略有改善的旅游需求带动下，呈现环比改善。展望未来，10月至今，销售持续改善，但管理层指出第四季基数艰难，且最后六周将至关重要。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.