Giordano's Third Quarter Sales Growth Slowed In The First Half Year

According to Hong Kong media, the first half of the year achievement Better than expected Giordano International (00709.HK), its management told Deutsche Bank that the growth of turnover in the two main markets in the second half of the year, namely the mainland and Hongkong, slowed down compared with the first half of the year. market The growth momentum is expected to be recovered in the fourth quarter.

Management said that the third quarter sales growth in the mainland slowed down in the first half of the year. The reasons include that the company is carrying out internal restructuring, increasing the number of managers from 4 to 12, so as to keep pace with the market, and the restructuring can be completed this month. The bank maintains Giordano international "Holding" rating, the target price of HK $6.95. As of 9:34, Giordano international news hk $5.31, an increase of 2.12%.