NuWays AG has reiterated its BUY rating on Global Fashion Group SA, maintaining a target price of €0.90 over the next 12 months. The research update highlights operational improvements and a return to growth in key regions, with ANZ and LATAM—accounting for 79% of the group’s NMV—showing positive trends in active customer growth. The report projects group NMV to increase by approximately 4% in FY26, despite continued challenges in the SEA region. Analyst Christian Sandherr notes that further progress in SEA could act as a catalyst for share price re-rating.
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