Baozun's 4Q Outlook Seems Weak -- Market Talk
Baozun's 4Q Outlook Seems Weak -- Market Talk
0111 GMT - Baozun's 4Q outlook seems to be weak thanks to supply-chain disruptions and the possibility of muted 'Singles Day' sales in China due to slowing consumption, Citi says. The U.S. investment bank cuts its 4Q revenue estimates by 4.0% due to weaker sportswear demand, although it notes that the e-commerce service provider seems set to continue to gain share in the luxury market, which still sees solid demand. Demand from other markets such as healthcare and electronics could continue to be resilient, it says. Citi maintains its buy rating but lowers its ADR target price to $22.00 from $34.00. Baozun's ADRs last closed 4.3% higher at $19.71. (yiwei.wong@wsj.com)
0111 GMT - Baozun's 4Q outlook seems to be weak thanks to supply-chain disruptions and the possibility of muted 'Singles Day' sales in China due to slowing consumption, Citi says. The U.S. investment bank cuts its 4Q revenue estimates by 4.0% due to weaker sportswear demand, although it notes that the e-commerce service provider seems set to continue to gain share in the luxury market, which still sees solid demand. Demand from other markets such as healthcare and electronics could continue to be resilient, it says. Citi maintains its buy rating but lowers its ADR target price to $22.00 from $34.00. Baozun's ADRs last closed 4.3% higher at $19.71. (yiwei.wong@wsj.com)
0111GMT-花旗表示，由於供應鏈中斷，以及由於消費放緩，中國光棍節銷售可能放緩，寶尊第四季度的前景似乎疲軟。由於運動服裝需求疲軟，這家美國投資銀行將第四季度營收預期下調了4.0%，儘管它指出，這家電商服務提供商似乎將繼續在奢侈品市場獲得份額，奢侈品市場的需求仍然強勁。該公司表示，醫療保健和電子產品等其他市場的需求可能會繼續保持彈性。花旗維持買入評級，但將ADR目標價從34.00美元下調至22.00美元。寶尊ADR最新收漲4.3%，報19.71美元。(yi wei.wong@wsj.com)
譯文內容由第三人軟體翻譯。
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