2024-04-13 02:46:03 ET
Summary
- Buy rating recommended for Hermes International based on strong 1Q24 and FY24 performance expectations and ability to raise prices.
- RMS saw strong demand momentum in all regions, particularly in China, where it gained share.
- RMS is a resilient business with the ability to raise prices and maintain volume demand, with positive growth and margin expansion expected in the near term.
Investment action
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Hermes International: Q1 2024 And FY 2024 Should See Strong Sales As Well