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Search resuls for: "Riva speedboats"


2 mentions found


Yacht maker’s westward detour comes at a price
  + stars: | 2023-06-27 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 27 (Reuters Breakingviews) - Hong Kong-listed Ferretti went the extra mile to ensure its shares could finally trade in Europe. At 13 times its expected 2023 net profit , Ferretti traded at a discount to rival Sanlorenzo’s (SNL.MI) 15 times multiple. That’s a modest outcome for a company that has laboured since 2019 to try and list in its Italian home base. That compares to the 2.5% fee Italian gambling company Lottomatica (LTMC.MI) paid for its Milan market debut in May. Weichai will still hold on to nearly a third of Ferretti’s shares after its Milan listing.
Persons: Ferretti, pricey Riva speedboats, Sanlorenzo’s, Weichai, Goldman Sachs, Danilo Iervolino, Karel Komárek, Alberto Galassi, Yawen Chen, Aston Martin, Lisa Jucca, Oliver Taslic Organizations: Reuters, JPMorgan, Milan, Twitter, ICICI Bank, Siemens, Thomson Locations: Hong Kong, Europe, Milan, Abu Dhabi, China, Canada
Yacht maker’s Italy pivot shows the way for Prada
  + stars: | 2023-06-08 | by ( Yawen Chen | ) www.reuters.com   time to read: +4 min
LONDON, June 8 (Reuters Breakingviews) - Chinese-owned yacht maker Ferretti is testing uncharted waters. Prada shares have been trading exclusively in the Asian financial centre since the company’s 2011 initial public offering. For Ferretti, Hong Kong has provided a helpful springboard. Ferretti shares trade at 12 times expected net earnings of 78 million euros this year, lower than Milan-listed rival Sanlorenzo’s (SNL.MI) 15 times multiple. In Hong Kong many shares still exist as physical certificates; these are traded electronically only after being deposited in a centralised system.
Persons: Ferretti, Riva speedboats, Prada, Miuccia Prada, Patrizio, Alberto Galassi, Sanlorenzo’s, Lorenzo Bertelli, Lisa Jucca, Oliver Taslic Organizations: Reuters, Hollywood, Weichai Group, Reuters Graphics Reuters, Weichai, Ferretti International Holding SpA, Hong Kong Stock Exchange, Thomson Locations: Hong Kong, Milan, Italy, China, China’s
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