Report
Cedric Rossi

ADIDAS: All eyes are now turning to China’s pace of recovery | CONVICTION BUY TOP PICKS | EUR330(+12%)

ADIDAS - CONVICTION BUY TOP PICKS | EUR330(+12%)
All eyes are now turning to China’s pace of recovery

EUR1bn net sales impact expected over Q4 2021 and Q1 2022
China: how serious is the situation in China?
China: action plan to rapidly revitalize momentum
FY21 sales target: ADS aims for a 17-18% FX-n growth
Upbeat FY22 outlook despite lingering drags
FY22 estimates cut by 2% but MT unchanged
Underlying
Adidas AG

ACM Managed Dollar Income Fund is a non-diversified, closed-end management investment company. This closed-end investment fund is designed for investors who seek high current income and capital appreciation. In order to achieve this objective, Co. invests primarily in high-yielding, U.S. and non-U.S. fixed income securities, denominated in U.S. dollars, that it expects to benefit from improving economic and credit fundamentals. Co. may utilize leverage through the investment techniques of reverse repurchase agreements and dollar rolls. As of Sept 30 2007, Co. had total assets of $192,614,325 and investment portfolio totalled $178,906,534.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Cedric Rossi

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