The Zhitong Finance App learned that Citi released a research report stating that according to Prada (01913)'s “neutral” rating, the company's sales forecast for this year and next two years was raised by 4%, the EBIT forecast was raised by 7% and 6%, and the earnings per share forecast were raised by 5%, and the target price was raised from HK$45.7 to HK$62.5.

According to the report, since retail trends in January and February of this year remained stable compared to the fourth quarter of last year (forecast growth is ten digits higher), and Prada and Miu Miu continue to be popular, it is believed that Prada is one of the few luxury companies that can achieve double-digit revenue and profit growth this year.

The bank believes that as Prada exceeds its mid-term target for 2023 (sales of 4.5 billion Euros/EBIT profit margin of 20%), the bank anticipates new strategic/financial updates this year, as well as news that the company may have a dual listing in Hong Kong/Milan, China.