Hermès: Why I'm Bullish Despite The China Slowdown
Portfolio Pulse from
Hermès demonstrates resilience with healthy revenue growth despite China's economic slowdown, outperforming peers like LVMH and Kering. Stimulus measures in China and growth in Europe and Japan could further benefit Hermès.
November 28, 2024 | 9:00 am
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Hermès shows resilience with healthy revenue growth despite China's economic slowdown, outperforming peers like LVMH and Kering. Stimulus measures in China and growth in Europe and Japan could further benefit Hermès.
Hermès has shown strong revenue growth despite the economic slowdown in China, outperforming competitors like LVMH and Kering. The potential for stimulus measures in China to boost luxury demand, along with growth in Europe and Japan, suggests a positive short-term outlook for Hermès. The stable forward P/E ratio further supports this bullish view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100