These 5 companies and product categories could see a hit from the coronavirus outbreak
Here's a look at five companies and product categories that could take a big hit from the coronavirus outbreak, according to analysts. None of the companies named by analysts returned Business Insider's requests for comment. A UBS note from February 3 said that the coronavirus could pose a problem for the entire beauty business, given that it is one of the "largest dollar categories in travel retail" and therefore dependent on Chinese consumers.
The UBS analysts wrote that Estée Lauder in particular has "outsized exposure" to disruptions to travel retail, and that China contributes to half of the company's Asia-Pacific revenues.Moody's analysts predicted in a January 30 note that the coronavirus outbreak "will temporarily slow down Apple's strong earnings momentum" by slowing down the brand's growth within China.
That being said, it's not all bad news. The note also reported that Apple has signaled its ability to "use alternate suppliers" "Apple has robust credit profile and is well positioned to manage through short term disruptions in China," Moody's analysts also wrote.Luxury fashion brand Burberry — along with the rest of the high-end apparel business — sees it business in China particularly at risk as the coronavirus continues to spread.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Casino Operator Wynn Resorts Is Losing Up To $2.6 Million Per Day From Coronavirus ShutdownThe company indicated that its business in China could be severely affected by coronavirus closures.
Baca lebih lajut »
Casino Operator Wynn Resorts Is Losing Up To $2.6 Million Per Day From Coronavirus ShutdownThe casino operator Wynn Resorts said in its latest earnings call that it was losing as much as $2.6 million per day from closures in Macau due to the coronavirus by skleb1234
Baca lebih lajut »
China's virus epicentre Hubei speeds testing after complaintsChina's Hubei province, the coronavirus outbreak epicentre, has started usi...
Baca lebih lajut »
Chinese public mourns, rages over death of doctor who raised early alarm on coronavirusA Chinese doctor who issued an early warning about the coronavirus outbreak befo...
Baca lebih lajut »
Art Basel Hong Kong canceled due to coronavirusArt Basel has canceled its upcoming Hong Kong show due to the Wuhan coronavirus outbreak, which has killed more than 600 people and infected over 31,400 — the vast majority of them in China
Baca lebih lajut »
Hong Kong Airlines to cut 400 jobs, ask employees to take unpaid leave: SCMPHong Kong Airlines will slash 400 jobs as the coronavirus outbreak adds to finan...
Baca lebih lajut »