Glonghui, Oct. 12 | Morningstar published a research report saying that although demand in the global fashion and leather goods industry is weak, with the support of Chinese consumers, the world's largest luxury goods group, LVMH's fashion and leather products business sales have still increased by about 40% in the past two years. It is expected that overseas spending by Chinese residents has not returned to pre-pandemic levels, so the outlook for Chinese consumers' demand for luxury goods remains optimistic. The bank predicts that LVMH Group's revenue will achieve a steady increase in medium to high unit percentages, which has slowed down compared to the double-digit increase over the past three years. Based on the slowdown in LVMH Group's performance growth in the third quarter, LVMH maintained a fair value forecast of 640 euros per share.