Is it time to invest in the luxury sector?

Quick Summary:

The sector has good profitability, commands strong pricing power and is not prone to technical obsolescence.

Some in the industry reckon that discretionary spending in China and the rest of the world will soon bounce back.

SINGAPORE – Shares of some of the world’s most coveted luxury brands have taken a beating due to poor demand, but the sector’s slump could be an opportunity to invest in high-end firms at a rare bargain price.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: 99/month Cent Months First Access Subscriber-only 2024 Unlimited China Stories Shares

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 05:00:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 201 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23606241

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 15 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 6 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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