Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
BofA: Swiss Watch Industry: 3Q Exports -10% and a Slow Recovery Ahead
 
  • EMEA Equity Research Daily Highlights
  • BofA Global Research Media Relations

 

United Arab Emirates -  October 25, 2020:    Refer to important disclosures at the end of these reports (see links below). Please note, you may quote directly from this research report solely in your reporting as a member of the media; however all quotes must be cited as having come from a BofA Global Research report. All other copying, redistribution, retransmission, republication and any other unauthorized dissemination or use of the contents of the report or the link thereto are prohibited. If you are interested in interviewing an analyst, your request must be directed to Research Communications & Media Relations.

 

 

  Luxury Goods: Swiss Watch Industry: 3Q exports -10% and a slow recovery ahead

 

•  We estimate SWE declined by -10% in Q3, after adjusting for FX and number of trading days. Sept was -11% FX & days adj
•  Volumes continued to underperform value. Greater China positive in Q3, US flat, ROW very tough.
•  We think Rolex, PP and AP continue to dominate, making it more difficult for CFR/UHR to recover. We reiterate our U/P ratings


Posted by : Dubai PR Network Editorial Team
Viewed 3995 times
PR Category : Banking & Investments
Posted on : Sunday, October 25, 2020  3:23:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Burj Khalifa Shines in Pink in Biggest Worldwide Visual Camp...
Next Story : ADX Announces Listing of Sawaeed Holding Shares on its Secon...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Parmigiani Fleurier Salutes the Spirit of Valentine's Day with Tonda Reine de Mai [8208-Views]
AIGNER Haute Couture Jewellery Collection CHIARA [5355-Views]
Add Extra Sparkle to Your Holidays With Make Up for Ever's 2020 Holiday Collection [5342-Views]
Discover the Ingredients [3760-Views]
Liverpool Legend Ian Rush visits Dubai Sports Council, Discusses Starting Projects in Duba... [3510-Views]
Samsung Introduces Latest Innovations for a Better Normal at CES 2021 [3337-Views]
A Warm Summer Rain in Winter: The New Head Shower GROHE Tempesta 250 [3206-Views]
Canon Recognizes 3 Leading Photographers from the UAE, KSA & Jordan for their Ambassador P... [3173-Views]
Schneider Electric Unveils New Sustainable Energy Products at CES 2021 [3100-Views]
The University of Queensland wins Ericsson Innovation Awards 2020 [3034-Views]
Roma Proves the Pace of the Hunter to Go 5th Overall, as Loeb Suffers Suspension Damage [2989-Views]
The Ideal 2021 Shoedrobe - Steve Madden [2964-Views]
Moonwatch now Master Chronometer Certified [2944-Views]
What's your Colour Code? [2780-Views]
Bridgestone To Debut Virtual City of the Future, Showcase Mobility Solutions at CES 2021 [2685-Views]
Dubai Customs: Exceptional Achievements in 2020 Despite Coronavirus Challenges [2608-Views]
World Gold Council ETF 2020 Report and Gold Outlook 2021 [2398-Views]
INFINITI of Arabian Automobiles Launches Limited Time Offer on the QX80 2021 [2337-Views]
Western Digital Delivers Unmatched Line Up of High-capacity Portable SSDS Across Its Renow... [2173-Views]
Abu Dhabi Motors Gears Up for 2021 [2165-Views]
Samsung Electronics Debuts 2021 Neo QLED, MICRO LED and Lifestyle TV Lines, Highlighting C... [1993-Views]
Omega Dubai Desert Classic [1960-Views]
The Most Inclusive Range of Primers to Offer 24hr Correction for Any Skin Type, Any Skin T... [1902-Views]
Lenovo Yoga Slim 7i Pro Laptop Now Features OLED Display [1902-Views]
IATA Welcomes the Resumption of Air Connectivity between Key Nations in the Middle East [1861-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories