Adidas Has Risen 47% This Year.
Although the Sino US trade situation is not yet clear, the clothing and footwear market has not yet been significantly affected.
According to the data, the stock price of German sporting goods giant Adidas (Adidas) has not been shocked this year, but it is very eye-catching. From January 2, 2019 to June 26th, the stock price of Adidas rose 46.9% this year, much higher than that of Nike (Nike) of the same trade (11.46%), and it closed at 265.7 euro per share in June 27th. In addition, adidas has achieved outstanding sales performance in the Chinese market this year, with sales in the first quarter of the year increasing by 16% over the same period last year.
SocGen analysts said earlier this month that because adidas has a lower market share in the US than Nike, Adidas is in a relatively good position in the Sino US trade war. In addition, because Adidas and Nike products are mostly produced in Vietnam, they need to worry more about whether Trump will take trade pressure measures on Vietnam.
In May this year, US President Trump announced that 25% tariffs would be imposed on China's goods exported to the United States totaling about $250 billion, including footwear. Subsequently, Nike and Adidas jointly wrote a number of sports brands to the Trump administration, asking for the removal of footwear from the list of tariffs on Chinese imports, and said: "a 25% duty on footwear will have a disastrous effect on consumers, shoe companies and the entire US economy."
Although adidas has achieved outstanding results in the stock market this year, analysts at Berenberg (Goldman) and Goldman Sachs are not satisfied with Adidas. Their expected share price of Adidas is much higher than that of most analysts, which is about 15% higher than its current share price.
"The sportswear industry has achieved an annual growth rate of 7% in the past five years, compared with the average annual growth rate of 4% in the clothing and footwear industry," Berenberg said. Judging from the stock market, there is no clothing company that can compete with the adidas this year in terms of share price growth. Adidas has made impressive changes in the past 10 years, increased profit margins and steadily increased market share. Taking into account higher barriers to trade, Adidas will continue to grow in the future. "
- Related reading
- Instant news | 押钱试衣:不买就不退押金?
- Industry dynamics | Graduate Students Open Shop To Become "The Most Cattle Underwear King"
- News Republic | "2010 Denim Garment Industry Development Trend And Cultural Exploration Forum" Held
- Learning Area | Some Problems And Suggestions In The Implementation Of The Standard "Pajamas"
- Local projects | Wuxi Leather City: To Eliminate The False Truth
- Shoe Express | Easy Running In Hot Summer Days
- Instant news | 太康县纺织集聚区又添“新丁”
- Industry dynamics | Hunan Chamber Of Commerce In China Textile City
- Local projects | 辛集国际皮革城建设全力推进
- Industry dynamics | 石狮纺织品出口美洲市场大幅增长
- 意料之内,美国不再对中国产品加征新关税
- 2019中国羽绒服装流行趋势及品牌发展论坛在平湖举行
- 15 Billion 87 Million! Saussurea Again Ranked China'S 500 Most Valuable Brand List
- NIKE KD 12 “EYBL”新配色够不够吸引你?
- 婚戒怎么买?结婚买多少钱的戒指好?
- 夏天小仙女们一定要入手一只便宜又时尚的竹篮包
- How Do You Wear Your Arm? Flying Sleeves Are Amazing!
- 三方共建,“世界级产业集群先行区”落地海宁
- 嘉欣丝绸(002404):将花不超1亿元回购部分社会公众股份 用于股权激励
- Behind Nike'S Beautiful FY2019 Earnings Report Is The Three Biggest Anxiety Of The First Place.