Luxury Brand Moncler Rating Negative January Share Price Fell 18%

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< p > > a href= "http://sjfzxm.com/news/index_s.asp" > HSBCHoldingsPLC < /a > HSBC Holdings first rated the French luxury feather clothing brand a href= "http://sjfzxm.com/news/index_s.asp" MonclerSpA "/a" listed in December 16th last year, and the rating was set to "reduce (hold)", with a target price of 13 euros.

The stock price of MonclerSpA (MONC.MI) plunged for two consecutive days. After falling 6.53% in January 21st, 22 days continued to go down, further down 1.84%.

Since 2014, MonclerSpA (MONC.MI) has fallen by 18%, and it has closed at 13.35 euros on the 22 th.

The issue price of MonclerSpA (MONC.MI) was 10.20 euros, which rose nearly 50% on the first day of listing, and fell rapidly after reaching the peak of 16.60 euro in early January.

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< p > < a > href= > http://sjfzxm.com/news/index_s.asp > > brokerage > /a > it is generally believed that MonclerSpA (MONC.MI) has excellent management team led by CEO RemoRuffini, and its growth prospects are optimistic under rapid international expansion. However, the market is too expensive for MonclerSpA (MONC.MI), and is much more expensive than the competitors of luxury competitors, and the stock price is liable to fluctuate.

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Prior to < p > > before a href= "http://sjfzxm.com/news/index_s.asp" > HSBC < /a >, UBSAG (UBSN.VX) UBS and ExaneBNPParibas also made negative ratings on MonclerSpA (MONC.MI), with a target price of 12.10 euros and 12.70 euros.

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HSBC expects MonclerSpA (MONC.MI) earnings per share to be 0.50 euros in 2014, and will increase to 0.61 euros in 2015, when P/E earnings will go to 24 times in 2015.

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< p > > a href= "http://sjfzxm.com/news/index_s.asp" > UBS < /a > according to MonclerSpA (MONC.MI) 21 day closing market price of 14.6 euros, the EV/EBITDA is 17.3 times, and the P/E P / E ratio is 31.7 times, which is higher than that of "soft luxury" counterparts.

The broker pointed out that although MonclerSpA (MONC.MI) has a special brand positioning and a 19% year compound growth rate of five percentage points higher than the industry average, the current "a href=" http://sjfzxm.com/news/index_s.asp "share price < /a" is still high.

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< p > JPMorganChase&Co (NYSE:JPM) < a href= "http://sjfzxm.com/news/index_s.asp" > Morgan chase > /a > MonclerSpA (MONC.MI) is regarded as "hold on to wait and see (neutral)", the target price is 13.5 euros.

According to Morgan, the stock price level of MonclerSpA (MONC.MI) can fully reflect its growth potential.

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< p > GoldmanSachsGroupInc (NYSE:GS) < a href= "http://sjfzxm.com/news/index_s.asp" > Goldman Sachs /a > MediobancaGroup (MB.MI) Italy intermediate bank and BankofAmericaCorp. (NYSE:BAC) < BankofAmericaCorp. "NYSE:BAC" > Mei Yin Merrill Lynch respectively set 15 euros, 15.45 euros and 15.85 euros target price, the same rating is "holding the sidelines".

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