Proya Cosmetics Likely to Post Strong Sales Growth in 2Q -- Market Talk

Dow Jones2024-07-09

0526 GMT - Proya Cosmetics is likely to post strong sales growth in 2Q, following its good performance at the recent 618 online shopping festival, CGS International analysts say in a note. "We believe Proya is benefiting from the current consumption trend in China," they say. Most of the Chinese beauty company's skincare products are sold at around CNY300/unit and cater to the mainstream crowd in China, the analysts say. They expect Proya's 2Q sales and net profit to grow 25% on-year and 23% on-year, respectively, led by strong sales of its star products. CGS raises the stock's target price to CNY178.0 from CNY172.0 and maintains an add rating. Shares are 0.1% lower at CNY101.38.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

July 09, 2024 01:26 ET (05:26 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2450698830?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-09 13:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2450698830","market":"other","top_or_hot":-1,"title":"Proya Cosmetics Likely to Post Strong Sales Growth in 2Q -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0526 GMT - Proya Cosmetics is likely to post strong sales growth in 2Q, following its good performance at the recent 618 online shopping festival, CGS International analysts say in a note. \"We believe Proya is benefiting from the current consumption trend in China,\" they say. Most of the Chinese beauty company's skincare products are sold at around CNY300/unit and cater to the mainstream crowd in China, the analysts say. They expect Proya's 2Q sales and net profit to grow 25% on-year and 23% on-year, respectively, led by strong sales of its star products. CGS raises the stock's target price to CNY178.0 from CNY172.0 and maintains an add rating. Shares are 0.1% lower at CNY101.38.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 09, 2024 01:26 ET (05:26 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Proya Cosmetics Likely to Post Strong Sales Growth in 2Q -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nProya Cosmetics Likely to Post Strong Sales Growth in 2Q -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-09 13:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0526 GMT - Proya Cosmetics is likely to post strong sales growth in 2Q, following its good performance at the recent 618 online shopping festival, CGS International analysts say in a note. \"We believe...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"603605","symbol_name":"珀莱雅","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2450698830","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2450698830","pubTimestamp":1720502760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0526 GMT - Proya Cosmetics is likely to post strong sales growth in 2Q, following its good performance at the recent 618 online shopping festival, CGS International analysts say in a note. \"We believe Proya is benefiting from the current consumption trend in China,\" they say. Most of the Chinese beauty company's skincare products are sold at around CNY300/unit and cater to the mainstream crowd in China, the analysts say. They expect Proya's 2Q sales and net profit to grow 25% on-year and 23% on-year, respectively, led by strong sales of its star products. CGS raises the stock's target price to CNY178.0 from CNY172.0 and maintains an add rating. Shares are 0.1% lower at CNY101.38.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"603605":"珀莱雅","POST":"Post Holdings"},"translate_title":"珀莱雅化妆品第二季度销售额可能强劲增长——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"603605":0.9,"POST":1},"content_text":"0526 GMT - Proya Cosmetics is likely to post strong sales growth in 2Q, following its good performance at the recent 618 online shopping festival, CGS International analysts say in a note. \"We believe Proya is benefiting from the current consumption trend in China,\" they say. Most of the Chinese beauty company's skincare products are sold at around CNY300/unit and cater to the mainstream crowd in China, the analysts say. They expect Proya's 2Q sales and net profit to grow 25% on-year and 23% on-year, respectively, led by strong sales of its star products. CGS raises the stock's target price to CNY178.0 from CNY172.0 and maintains an add rating. Shares are 0.1% lower at CNY101.38.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 09, 2024 01:26 ET (05:26 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2450698830"}