Hermès: Why I'm Bullish Despite The China Slowdown
- Despite China's economic slowdown, Hermès shows resilience with healthy revenue growth, outperforming peers like LVMH and Kering, which faced double-digit declines.
- Stimulus measures in China could boost luxury market demand, which can benefit the company further. Also, accelerated growth in Europe and Japan is encouraging.
- A stable forward P/E ratio also supports a positive outlook for Hermès.
Cristi Croitoru/iStock Editorial via Getty Images
Since the last time I wrote about the French luxury fashion company and brand Hermès (OTCPK:HESAY) (OTCPK:HESAF) in July, its price has gone nowhere. Even year-to-date (YTD), its price has just about seen
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