Stock Exchange, Prada collapses in Hong Kong after the 2013 accounts

Sharp slide in the Italian morning on the Hong Kong Stock Exchange for Prada: the stock of the luxury listed on the Asian market lost the 6,88%, after yesterday's 1,94% loss, following the 2013 accounts, which recorded stable earnings and excellent expectations for 2014. Mediobanca Securities expects a 7% increase in sales this year 3,839 billion and an ebitda of 1,213 billion with a margin on sales of 31,6%. Neutral rating and target price of 68 Hong Kong dollars confirmed.