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Analyst

Steve

Equity Bottom-Up

<ul>
<li>L'Occitane (973 HK) announced two solid moves this week:  1) Disposing the 70% stake in Grown Alchemist;</li>
<li>And 2) granting additional call options to Sol de Janeiro CEO Heela Yang of up to 7%.</li>
<li>The stock is trading at 19x FY25 PE (fiscal year ending March), up from just 14x six months ago.</li>
</ul>


L'Occitane (973 HK) announced two solid moves this week:  1) Disposing the 70% stake in Grown Alchemist;
And 2) granting additional call options to Sol de Janeiro CEO Heela Yang of up to 7%.
The stock is trading at 19x FY25 PE (fiscal year ending March), up from just 14x six months ago.


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