Analyst

Steve Zhou, CFA

15 years of experience in both buy and sell-side in Asia.

L'Occitane (973 HK):  Two Good Moves, Though Rerating Has Been Fast And Furious

L'Occitane (973 HK):  Underlying Fundamentals Intact

L'Occitane (973 HK):  FY1H24 Earnings Hurt By Massive Increase In Marketing, As Expected

L'Occitane (973 HK):  Sol De Janeiro Growth Taking Off

Equity Bottom-Up

<ul>
<li>L'Occitane (973 HK) announced a strong 3QFY24 operational update last night.  Share price is up 7% today and up 36% since interim results announcement late November last year.</li>
<li>Sol de Janeiro, the Brazilian-inspired premium body care brand, continued to shine in the quarter, growing 199% at reported sales and 214% at constant currency. </li>
<li>Recommend to take advantage of the current weak sentiment on such companies trading on the HK stock exchange but are actually not reliant on China in terms of business fundamentals.</li>
</ul>


L'Occitane (973 HK) announced a strong 3QFY24 operational update last night.  Share price is up 7% today and up 36% since interim results announcement late November last year.
Sol de Janeiro, the Brazilian-inspired premium body care brand, continued to shine in the quarter, growing 199% at reported sales and 214% at constant currency. 
Recommend to take advantage of the current weak sentiment on such companies trading on the HK stock exchange but are actually not reliant on China in terms of business fundamentals.


L'Occitane (973 HK):  Operational Update Shows Strong Growth Momentum