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 3550 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
Discover Your Perfect Shade of Beige this Autumn/ Winter from Emilia-Romagna [2907-Views]
Celebrate the True Beauty of Emirati Scents this National Day with LOOTAH Perfumes [2890-Views]
"Be Flawless" for the Perfect Complexion [2677-Views]
Karl Lagerfeld Introduces a New Style in the Fall-Winter 2020 Eyewear Collection [2394-Views]
Union Coop Pays Tribute to the Brave Martyrs on Commemoration Day 2020 [2280-Views]
Now Open: Union Coop's Al Warqa City Mall is here [2128-Views]
Together With UAE [2099-Views]
Last Chance to avail Carrefour Friday's Unparalleled Discounts Across UAE [2083-Views]
SLC discusses role of government policies in achieving stable and quality legislation duri... [2079-Views]
Mall of the Emirates and Ski Dubai Launch Festive Activities [1997-Views]
Genesis Luxury Flagship SUV the GV80 Debuts in the Middle East & Africa [1931-Views]
Deep Losses Continue Into 2021 [1911-Views]
DHA introduces NABIDH, Welcoming the future of Healthcare Excellence in Dubai [1911-Views]
Festive Season at Al Maya Supermarkets [1906-Views]
Modon Completes Successful Demolition of Mina Plaza Towers [1816-Views]
Paymentology to Help Reshape the $5.4 Trillion Digital Payments Industry [1808-Views]
Empay, the World's First Contactless Instant Credit Lifestyle Payment Ecosystem, Launched ... [1779-Views]
Breastfeeding Friends Association marked World Prematurity Day [1767-Views]
International Air Connectivity Crisis Threatens Global Economic Recovery [1734-Views]
Al Maya Launches British Week in Dubai [1722-Views]
Rare Case of Bowel Obstruction, Treated Laparoscopically at Aster Hospital in Qusais, Allo... [1685-Views]
ENBD REIT Announces H1 NAV of USD 198 Million (USD 0.79 per share) [1677-Views]
Shoppers Can Spend and Win Big With Top Promotions Over 3 Day Super Sale Weekend [1644-Views]
Mina Rashid Retains Its Title as the World's Leading Cruise Port at the World Travel Award... [1644-Views]
Dubai Sports Council discuss Cooperation with Israeli Club Hapoel Tel Aviv [1640-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories