<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2023/08/156913455-m-normal-none.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2023/08/156913455-m-normal-none.jpg"/></p>
<p>Capri Holdings (CPRI) 的股價經歷了劇烈的反轉，正處於連續第三週下跌的軌道，因為其收購提議失敗。股價跌至 19.45 美元，為 2020 年 10 月以來的最低水平，比 2023 年的最高點低 73%。</p>
<h2>Tapestry 與 Capri Holdings 的交易</h2>
<p>Capri Holdings 股價暴跌的主要原因是 FTC 贏得了對其與 Tapestry（Coach、Kate Spade 和 Stuart Weitzman 的母公司）擬議合併的法律挑戰。</p>
<p>在一份文件中，Capri 表示將在法院對合並交易發佈初步禁令後向上訴法院提起上訴。阻止合併時，法官 Rochon 表示：</p>
<blockquote>
</blockquote>
<p>“證據表明，Tapestry 認為收購 Michael Kors 是減少 Michael Kors 折扣並提高其價格的機會。”</p>
<p>我相信 FTC 提出了強有力的理由來阻止這筆合併，因為它表明這兩家公司向客户提供 “可負擔的奢侈品”。因此，合併可能會在該領域造成美國壟斷。</p>
<p>然而，這些公司可以證明該行業要大得多，並且由 LVMH 和 Burberry 等歐洲品牌主導。</p>
<p>我認為 Tapestry 最終會放棄這項收購，專注於發展自己的業務。此外，由於對手袋價格的影響，這筆交易的成功幾率顯著降低。</p>
<p>閲讀更多：Capri 股價因與 Tapestry 達成合並協議而飆升 55%</p>
<h2>那麼，Capri Holdings 接下來會怎樣？</h2>
<p>因此，假設 Capri Holdings 與 Tapestry 的合併失敗，前者將會發生什麼？</p>
<p>查看 Capri 的財務狀況可以看出它對這筆交易的高度承諾。過去幾年，其年收入相對波動。2019 年收入為 55 億美元，2021 年降至 40.6 億美元。</p>
<p>Capri 的收入在 2022 年上升至 56.1 億美元，但在上一個財年降至 51.6 億美元，因為消費者支出減緩。</p>
<p>更糟糕的是，其利潤也在朝着錯誤的方向發展。2021 年淨利潤為 8.22 億美元，2022 年為 6.16 億美元，而在上一個財年則出現了 2.29 億美元的淨虧損。</p>
<p>最近的財務結果顯示，其收入繼續朝着錯誤的方向發展。收入下降了 13%，降至 10.7 億美元，管理層將其歸咎於消費者支出疲軟。</p>
<p>公平地説，其他奢侈品領域的大型企業如 Burberry、Kering 和 LVMH 最近也報告了疲軟的財務結果，稱中國需求減弱。然而，Capri 的業務似乎比其他奢侈品牌表現得更糟。</p>
<p>因此，Capri 的毛利潤降至 6.89 億美元，而其運營虧損為 1400 萬美元，低於之前的 4800 萬美元的利潤。</p>
<p>這三大品牌的表現都不佳。Versace 的收入下降了 15.4%，降至 2.19 億美元，而 Jimmy Choo 和 Michael Kors 分別下降了 5.5% 和 14.2%。</p>
<p>Capri 面臨的另一個大問題是其資產負債表並不理想。上個季度末，其短期債務超過 4.61 億美元，租賃負債 3.74 億美元，長期債務 12 億美元，以及長期租賃負債 13 億美元。</p>
<p>這些高額負債僅由 2.13 億美元的現金及現金等價物和 9.02 億美元的庫存支持。</p>
<h2>Capri 股價分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/10/Capri-Stock-1024x568.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/10/Capri-Stock-1024x568.png"/></p>
<p>Capri 圖表來自 TradingView</p>
<p>那麼，Capri Holdings 的股價接下來會怎樣？周線圖顯示，CPRI 股價在過去幾個月一直處於強烈的下跌趨勢。它最近跌破了 29.30 美元的關鍵支撐位，這是 8 月 12 日的最低點。</p>
<p>該股票形成了死亡交叉形態，50 周和 200 周移動平均線交叉。</p>
<p>Capri 還無效化了反向頭肩形態，這是一種流行的看漲信號。它還跌破了 37 美元的關鍵支撐位，這是 2022 年 5 月的最低點。在大多數情況下，雙頂形態是最看跌的信號之一。</p>
<p>因此，股票可能會繼續下跌，因為賣方瞄準 5.50 美元的關鍵支撐位，這是 3 月 16 日的最低點。這一跌幅意味着從當前水平下降 73%。</p>
<p>Capri Holdings 股價正朝着 75% 的崩盤方向發展，首次出現在 Invezz 上。</p>

CPRI

<p>Capri Holdings (CPRI) 的股票正處於 75% 的下跌軌道，這是其連續第三週虧損，原因是收購提議失敗。該股票跌至 0.45 美元，為 2020 年 10 月以來的最低點，較 2023 年的峯值下跌了 73%。此次下跌是由於聯邦貿易委員會（FTC）對與 Tapestry 的合併提出法律挑戰，引發了對潛在壟斷行為的擔憂。Capri 的財務狀況顯示出波動性，最近的收入和利潤顯著下降，同時負債高企。分析師預測該股票將繼續呈現看跌趨勢，目標支撐位為 0.50 美元</p>

<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2023/08/156913455-m-normal-none.jpg" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2023/08/156913455-m-normal-none.jpg"/></p>
<p>Capri Holdings (CPRI) stock price has suffered a harsh reversal and is on track for the third consecutive week of decline after its acquisition bid failed. It dropped to a low of $19.45, its lowest level since October 2020, and 73% below its highest level in 2023.</p>
<div class="lb-trans"><p>Capri Holdings (CPRI) 的股價經歷了劇烈的反轉，正處於連續第三週下跌的軌道，因為其收購提議失敗。股價跌至 19.45 美元，為 2020 年 10 月以來的最低水平，比 2023 年的最高點低 73%。</p>
</div><h2>Tapestry and Capri Holdings deal</h2>
<div class="lb-trans"><h2>Tapestry 與 Capri Holdings 的交易</h2>
</div><p>The main reason why the Capri Holdings stock price has imploded is that the FTC won a legal challenge for its proposed merger with Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman.</p>
<div class="lb-trans"><p>Capri Holdings 股價暴跌的主要原因是 FTC 贏得了對其與 Tapestry（Coach、Kate Spade 和 Stuart Weitzman 的母公司）擬議合併的法律挑戰。</p>
</div><p>In a filing, Capri said that it would file the court ruling to the Court of Appeals after a court gave a preliminary injunction to block the merger transaction. When blocking the merger, Judge Rochon said:</p>
<blockquote>
</blockquote>
<div class="lb-trans"><p>在一份文件中，Capri 表示將在法院對合並交易發佈初步禁令後向上訴法院提起上訴。阻止合併時，法官 Rochon 表示：</p>
<blockquote>
</blockquote>
</div><p>“The evidence reflects that Tapestry perceived the acquisition of Michael Kors to be an opportunity to decrease Michael Kors’s discounting and increase Michael Kors’s prices.”</p>
<div class="lb-trans"><p>“證據表明，Tapestry 認為收購 Michael Kors 是減少 Michael Kors 折扣並提高其價格的機會。”</p>
</div><p>I believe that the FTC has made a strong case for blocking the merger because it demonstrated that the two companies offer “affordable luxury” products to their customers. As such, a merger could create an American monopoly in that area.</p>
<div class="lb-trans"><p>我相信 FTC 提出了強有力的理由來阻止這筆合併，因為它表明這兩家公司向客户提供 “可負擔的奢侈品”。因此，合併可能會在該領域造成美國壟斷。</p>
</div><p>However, the companies could demonstrate that the industry is much bigger and that it is dominated by European brands like LVMH and Burberry.</p>
<div class="lb-trans"><p>然而，這些公司可以證明該行業要大得多，並且由 LVMH 和 Burberry 等歐洲品牌主導。</p>
</div><p>My view is that Tapestry will ultimately give up on the bid and focus on building its business. Besides, the odds are significantly against the deal because of their impact on higher handbag prices.</p>
<div class="lb-trans"><p>我認為 Tapestry 最終會放棄這項收購，專注於發展自己的業務。此外，由於對手袋價格的影響，這筆交易的成功幾率顯著降低。</p>
</div><p>Read more: Capri stock soars 55% on a merger agreement with Tapestry</p>
<div class="lb-trans"><p>閲讀更多：Capri 股價因與 Tapestry 達成合並協議而飆升 55%</p>
</div><h2>So, what next for Capri Holdings?</h2>
<div class="lb-trans"><h2>那麼，Capri Holdings 接下來會怎樣？</h2>
</div><p>Therefore, assuming that the Capri Holdings and Tapestry fails, what will happen to the former?</p>
<div class="lb-trans"><p>因此，假設 Capri Holdings 與 Tapestry 的合併失敗，前者將會發生什麼？</p>
</div><p>A look at Capri’s financials shows why it is very committed to the deal. Its annual revenues have been relatively volatile in the past few years. It brought in $5.5 billion in 2019, a figure that dropped to $4.06 billion in 2021.</p>
<div class="lb-trans"><p>查看 Capri 的財務狀況可以看出它對這筆交易的高度承諾。過去幾年，其年收入相對波動。2019 年收入為 55 億美元，2021 年降至 40.6 億美元。</p>
</div><p>Capri’s revenue then rose to $5.61 billion in 2022 and dropped to $5.16 billion in the last financial year as consumer spending eased.</p>
<div class="lb-trans"><p>Capri 的收入在 2022 年上升至 56.1 億美元，但在上一個財年降至 51.6 億美元，因為消費者支出減緩。</p>
</div><p>Worse, its profits have also been moving in the wrong direction. It made a net profit of $822 million in 2021, followed by $616 million in 2022, and a net loss of $229 million in the last financial year.</p>
<div class="lb-trans"><p>更糟糕的是，其利潤也在朝着錯誤的方向發展。2021 年淨利潤為 8.22 億美元，2022 年為 6.16 億美元，而在上一個財年則出現了 2.29 億美元的淨虧損。</p>
</div><p>The most recent financial results showed that its revenue continued moving in the wrong direction. It dropped by 13% to $1.07 billion, which the management blamed on soft consumer spending.</p>
<div class="lb-trans"><p>最近的財務結果顯示，其收入繼續朝着錯誤的方向發展。收入下降了 13%，降至 10.7 億美元，管理層將其歸咎於消費者支出疲軟。</p>
</div><p>In all fairness, other big players in the luxury space like Burberry, Kering, and LVMH have reported weak financial results recently, citing softening demand in China. However, Capri’s business seems to be doing much worse than other luxury brands.</p>
<div class="lb-trans"><p>公平地説，其他奢侈品領域的大型企業如 Burberry、Kering 和 LVMH 最近也報告了疲軟的財務結果，稱中國需求減弱。然而，Capri 的業務似乎比其他奢侈品牌表現得更糟。</p>
</div><p>Consequently, Capri’s gross profit fell to $689 million, while its loss from operations came in at $14 million, worse than the previous profit of $48 million.</p>
<div class="lb-trans"><p>因此，Capri 的毛利潤降至 6.89 億美元，而其運營虧損為 1400 萬美元，低於之前的 4800 萬美元的利潤。</p>
</div><p>All three brands are not doing well. Versace’s revenue fell by 15.4% to $219 million, while Jimmy Choo and Michael Kors fell by 5.5% and 14.2%, respectively.</p>
<div class="lb-trans"><p>這三大品牌的表現都不佳。Versace 的收入下降了 15.4%，降至 2.19 億美元，而 Jimmy Choo 和 Michael Kors 分別下降了 5.5% 和 14.2%。</p>
</div><p>The other big issue that Capri faces is that its balance sheet is not all that good. It ended the last quarter with over $461 million in short-term debt, $374 million in lease liabilities, $1.2 billion in long-term debt, and $1.3 billion in long-term lease liabilities.</p>
<div class="lb-trans"><p>Capri 面臨的另一個大問題是其資產負債表並不理想。上個季度末，其短期債務超過 4.61 億美元，租賃負債 3.74 億美元，長期債務 12 億美元，以及長期租賃負債 13 億美元。</p>
</div><p>These substantially high liabilities are backed by $213 million in cash and equivalents and $902 million in inventories.</p>
<div class="lb-trans"><p>這些高額負債僅由 2.13 億美元的現金及現金等價物和 9.02 億美元的庫存支持。</p>
</div><h2>Capri stock price analysis</h2>
<div class="lb-trans"><h2>Capri 股價分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/10/Capri-Stock-1024x568.png" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2024/10/Capri-Stock-1024x568.png"/></p>
<p>Capri chart by TradingView</p>
<div class="lb-trans"><p>Capri 圖表來自 TradingView</p>
</div><p>So, what next for the Capri Holdings share price? The weekly chart shows that the CPRI share price has been in a strong bearish trend in the past few months. It recently crossed below the key support at $29.30, its lowest point on August 12.</p>
<div class="lb-trans"><p>那麼，Capri Holdings 的股價接下來會怎樣？周線圖顯示，CPRI 股價在過去幾個月一直處於強烈的下跌趨勢。它最近跌破了 29.30 美元的關鍵支撐位，這是 8 月 12 日的最低點。</p>
</div><p>The stock has formed a death cross pattern as the 50-week and 200-week moving averages have crossed each other.</p>
<div class="lb-trans"><p>該股票形成了死亡交叉形態，50 周和 200 周移動平均線交叉。</p>
</div><p>Capri has also invalidated the inverse head and shoulders pattern, a popular bullish sign. It has also moved below the key support at $37, its lowest point in May 2022. In most periods, a double-top pattern is one of the most bearish signs.</p>
<div class="lb-trans"><p>Capri 還無效化了反向頭肩形態，這是一種流行的看漲信號。它還跌破了 37 美元的關鍵支撐位，這是 2022 年 5 月的最低點。在大多數情況下，雙頂形態是最看跌的信號之一。</p>
</div><p>Therefore, the stock will likely continue falling as sellers target the key support at $5.50, its lowest point on March 16. This drop implies a 73% drop from the current level.</p>
<div class="lb-trans"><p>因此，股票可能會繼續下跌，因為賣方瞄準 5.50 美元的關鍵支撐位，這是 3 月 16 日的最低點。這一跌幅意味着從當前水平下降 73%。</p>
</div><p>The post Capri Holdings stock price is heading towards a 75% crash appeared first on Invezz</p>
<div class="lb-trans"><p>Capri Holdings 股價正朝着 75% 的崩盤方向發展，首次出現在 Invezz 上。</p>
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Capri Holdings 的股價正走向 75% 的暴跌