Haitong International: Prada (01913.HK) maintains an "outperform" rating with a target price of HK$62.9.

Finance and Economics App learned that Haitong International released a research report stating that considering the progress of industry recovery and the base of the same period last year, the mother net profit of Prada (01913.HK) is forecasted to be 8.9/9.7/10.5 billion euros for the years 2025-2027 (originally 9.72/10.88/11.91 billion euros), with year-on-year growth of 6.5%/8.7%/7.6% respectively. Giving a 20X PE ratio for 2025 (originally 25x) and converting 1 euro to 9 Hong Kong dollars (originally 8.7), the corresponding target price is 62.9 Hong Kong dollars (-24%), maintaining an "outperform the market" rating.