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Research Report
RL US EQUITY: Ralph Lauren | F3Q25 | Positive
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RL US EQUITY: Ralph Lauren | F3Q25 | Positive
Company Insights
Pre Earning View

Sandalwood estimates Ralph Lauren Asia Revenue constant-currency y/y to accelerate in F3Q25 (ending Dec-24) from prior quarter, above consensus range.  

The company continues to benefit from old money aesthetic/quiet luxury fashion trend as it maintains representation of high-quality fashion with timeless design, at a more affordable price point than luxury fashion brands.

2024-12-13
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11.11 Online Topline Overview
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11.11 Online Topline Overview

Tmall + JD+ Douyin e-commerce GMV grew +21% y/y in Oct, accelerating from Sep's +17% y/y. JD continued to outperform with +34% y/y thanks to strong Home Appliance/Apparel/Shoes & Bags/Sportswear. Sector-wise, Sportswear/Home Appliance were most resilient, while Cosmetics lagged the most.

2024-11-08
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1211 HK EQUITY: BYD F4Q24 | Positive
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1211 HK EQUITY: BYD F4Q24 | Positive
Company Insights
Pre Earning View

According to China Auto Insurance data, BYD delivered 216,090 vehicles from Oct 1 to 20. Based on this data, we anticipate the total retail deliveries for Oct to be 400,000-433,000 units, further increasing and hitting a new record high.In Oct MTD, BYD accounted for ~19% of the overall passenger car market, slightly improving from Sep and reinforcing its leading position.

2024-10-31
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