L'Occitane (973 HK):  FY1H24 Earnings Hurt By Massive Increase In Marketing, As Expected

990 Views29 Nov 2023 14:34
​L'Occitane's net profit drops 45% due to increased marketing and finance costs, but maintains growth outlook for the year.
Boomeranged on Fri, 22 Dec 2023 10:14
Share price is up 20% since the "earnings miss" and this insight. Recommend to take advantage of the current weak sentiment on such companies trading on the HK stock exchange but are actually not reliant on China in terms of business fundamentals.
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Steve Zhou, CFA
Equity Analyst
Consumer Discretionary & Consumer StaplesEquity Bottom-UpThematic (Sector/Industry)