Remy Cointreau Action Forum

Price losses for French spirits producers: LVMH hit particularly hard by anti-dumping measures in China

French spirits producers saw their share prices fall on Tuesday morning after China announced provisional anti-dumping measures against spirits imports from the European Union.

The shares of Pernod Ricard $RI (-2,05 %) fell by

2.7 %, while Remy Cointreau $RCO (-1,75 %) lost 8 %.

The share price of LVMH $MC (-3,23 %) the producer of Hennessy cognac, fell by 4.3%. This was part of a wider decline in luxury stocks, with traders citing the lack of fresh impetus from China as the reason.

LVMH generates around 30% of its total sales in China, which is one of the most important emerging markets. In the luxury segment, Chinese demand is therefore crucial for the company's growth. The spirits division, which includes brands such as Hennessy-Cognac, accounts for around 10% of LVMH's total sales, with the Asian market, particularly China, accounting for a significant proportion of these sales.

https://de.marketscreener.com/kurs/aktie/LVMH-4669/news/Aktien-franzosischer-Spirituosenhersteller-fallen-wegen-Chinas-Antidumpingma-nahmen-48021035/

Decent analyst ratings with price targets above 200. Looking at the long-term chart, the share has also performed very well. Not a high-flyer, but solid growth. Dividends can be taken. I think that the industry can also pass on the inflation and that especially the $RCO (-1,75 %) in the higher-quality sector. The energy crisis doesn't affect them nearly as much as brewery stocks.

At current levels, a nice entry price for a long-term investment. What is your opinion? Is anyone invested or has the stock on the watchlist?

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗝𝗲𝗻𝗼𝗽𝘁𝗶𝗸 𝗮𝘂𝘀 𝗝𝗲𝗻𝗮 / 𝗩𝗲𝗿𝘀𝗶𝗰𝗵𝗲𝗿𝘂𝗻𝗴𝘀𝗸𝗮𝘂𝗳 / 𝗞𝗿𝘆𝗽𝘁𝗼-𝗥𝗲𝗴𝘂𝗹𝗶𝗲𝗿𝘂𝗻𝗴

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, Imperial Brands ($IMB (-1,04 %)) and Vodafone ($VOD (-7 %)) are trading ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Gigaset ($GGS (+0 %)), Inter RAO UES ($IRAO), Rémy Cointreau ($RCO (-1,75 %)) and Vapiano ($VAO) present their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Jenoptik ($JEN (-4,97 %)) - Jena-based Jenoptik is divesting its military division Vincorion. A fund of the financial investor Star Capital Partnership is to buy the division, which is valued at around 130 million euros. The deal is expected to close in the second half of 2022. Jenoptik had already wanted to sell the division, which manufactures mechatronic products for the security and defense sector, aviation, and the rail and transportation industries in particular, but the process was halted at the beginning of last year. The share gained 9.54 percent in the early morning and was temporarily quoted at 35.71 euros.

Generali ($G (-0,53 %)) - Italian insurer Generali is negotiating with major French bank Credit Agricole ($ACA (-1,35 %)) about the sale of its insurance business. The deal involves the La Medicale division and a contract portfolio of the Credit Agricole subsidiary Predica. The deal is expected to be completed in the middle of next year. La Mediale had annual premium income of 552 million euros last year. Generali shares were virtually unimpressed and Credit Agricole shares fell slightly.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Former U.S. Secretary of State Hillary Clinton warns that cryptocurrency markets and social media platforms could destabilize the U.S. dollar as a reserve currency if they are not regulated. This is to counter possible technological manipulation by Russia, China or other countries. Notably, North Korea has used cryptocurrencies to fund its own nuclear weapons program. The Iranian government also publicly spoke out in favor of cryptocurrencies, saying that sanctions could be circumvented in this way.

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