Like Bank J. Safra Sarasin, Citigroup reaffirmed its "Buy" rating on Richemont following the profit warning.
"Richemont remains one of the most attractive EMARP (Emerging Markets at A Reasonable Price) growth stories, in our view," Thomas Chauvet, an analyst at Citi, said in a note. His reasons included: The strength of Richemont's brand portfolio, which includes French fashion house Chloe, Piaget, Jaeger-LeCoultre, Cartier and Montblanc, opportunities in jewellery and retail expansion and a strong balance sheet.
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Richemont said on Wednesday it expected its operating profit for the year to rise 10 percent.
The results came one month after the company said it would sell its online fashion retailer Net-a-Porter to Italy's Yoox in an all-share deal.
Didier Saint-Georges, managing director at asset management firm Carmignac Gestion, told CNBC that as a long-term view, luxury retailers remained attractive because of the growing middle-class affluence in China.
Asia-Pacific is Richemont's biggest market and Hong Kong and China more broadly are key centers in Asia for the sale of luxury goods.
However, high-end retailers such as Richemont and LVMH Moet Hennessy Louis Vuitton have been hurt by the Chinese government's anti-corruption drive and pro-democracy protests in Hong Kong.
"I don't think right now is the time to jump into an opportunity, but if you have a longer-term view and you think China is in the process of putting together a more reliable long-term story, then all this idea about the middle class expanding is a fantastic long-term story for Richemont and LVMH," Saint-Georges said.