{
 "as_of": "2026-11-04",
 "cmr": "hk-cm-kg/HKEX/09638",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# FERRETTI (Main Board: 09638) — research page\n\nAs of 2026-11-04 · hk-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is FERRETTI, listed on the Main Board of the HK market under ticker 09638, with ISIN IT0005383291 and LEI 815600F40754716D2D91. Its security type is Corporate and its jurisdiction is Italy (IT). Its segment is not on the record, and its sector is not on the record because HKEX publishes the industry classification per issuer on its website pages, not in the List of Securities. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 164 filings in the twelve months to 2025-11-04 through 2026-11-04, on 70 filing days. The median gap between filing days is 2 days. The median gap between filing days for the Main Board is 9.0 days, and the issuer's cadence gap is below that median. The latest filing is dated 2026-11-03 and is of type announcement, 1 day before the record date of 2026-11-04. The Main Board median latency is 2.0 days, and the issuer's latency is 1 day. The exchange median filing count is 46.0, and the issuer's count of 164 is above it. Sector medians are not on the record for this market.\n\n## Auditor\n\nThe auditor of record is EY S.p.A. Its location is not on the record. Auditor changes are not on the record.\n\n## Events and halts\n\nThe lifecycle lines for listing, delisting, name change, domicile change and segment move are not on the record, because the index does not carry a type map for this register. The issuer is listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 9 research houses: Berenberg, CICC, Equita, JP Morgan, Goldman Sachs, Mediobanca, Kepler Cheuvreux, Banca Akros and UBS.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe vintage is not sealed. No issuer years are sealed, and the market's earliest sealed date is not on the record. The live record began on 2026-09-12. Years 2021 through 2026 are sealed in the store but not served as of a date, and the as-of door answers not_sealed.\n\n## Sources\n\n9 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/815600F40754716D2D91 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.hk-cm-kg.ai/events/HKEX/09638 (the disclosure lines)\n- https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm (the halt flag)\n- https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0424/2026042400099.pdf (the auditor)\n- https://mcp.hk-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.ferrettigroup.com/en-us/Investor-relations/Share-information (coverage)\n- https://mcp.hk-cm-kg.ai/record/HKEX/09638 (the record)\n",
 "market": "HK",
 "node": "hk-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-12",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the HK store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-04",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "read_by": "read by Perplexity (agent · low)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0424/2026042400099.pdf",
    "state": "filled",
    "value": "EY S.p.A."
   },
   "auditor_firm_id": {
    "market": "HK",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "HK",
    "state": "not_on_record"
   },
   "changes": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "hk-cm-kg/HKEX/09638",
  "coverage": {
   "count": 9,
   "houses": [
    {
     "analyst": "Anna Frontani",
     "house": "Berenberg",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ferrettigroup.com/en-us/Investor-relations/Share-information",
     "state": "sourced"
    },
    {
     "analyst": "Yawen Gao",
     "house": "CICC",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ferrettigroup.com/en-us/Investor-relations/Share-information",
     "state": "sourced"
    },
    {
     "analyst": "Emanuele Gallazzi",
     "house": "Equita",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ferrettigroup.com/en-us/Investor-relations/Share-information",
     "state": "sourced"
    },
    {
     "analyst": "Chiara Battistini",
     "house": "JP Morgan",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ferrettigroup.com/en-us/Investor-relations/Share-information",
     "state": "sourced"
    },
    {
     "analyst": "Adrien Duverger",
     "house": "Goldman Sachs",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ferrettigroup.com/en-us/Investor-relations/Share-information",
     "state": "sourced"
    },
    {
     "analyst": "Gilles Errico",
     "house": "Mediobanca",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ferrettigroup.com/en-us/Investor-relations/Share-information",
     "state": "sourced"
    },
    {
     "analyst": "Niccolò Guido Storer",
     "house": "Kepler Cheuvreux",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ferrettigroup.com/en-us/Investor-relations/Share-information",
     "state": "sourced"
    },
    {
     "analyst": "Carmen Novel",
     "house": "Banca Akros",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ferrettigroup.com/en-us/Investor-relations/Share-information",
     "state": "sourced"
    },
    {
     "analyst": "Natasha Brilliant",
     "house": "UBS",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ferrettigroup.com/en-us/Investor-relations/Share-information",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.ferrettigroup.com/en-us/Investor-relations/Share-information",
     "result": "read: 9 of 18 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 2472,
     "median_cadence_gap_days": 9,
     "median_filings": 46,
     "median_latency_days": 2,
     "name": "Main Board"
    },
    "sector": {
     "market": "HK",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "agm_egm": 10,
    "announcement": 59,
    "annual_report": 2,
    "circular": 8,
    "director_change": 5,
    "dividend": 2,
    "interim_report": 1,
    "monthly_return": 13,
    "results": 2,
    "takeovers": 62
   },
   "cadence_median_gap_days": 2,
   "filing_days": 70,
   "filings": 164,
   "latency_days": 1,
   "latest": [
    {
     "category": null,
     "date": "2026-11-03",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1103/2026110302461.pdf",
     "title": "OVERSEAS REGULATORY ANNOUNCEMENT",
     "type": "announcement"
    },
    {
     "category": null,
     "date": "2026-11-03",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1103/2026110302451.pdf",
     "title": "INSIDE INFORMATION ANNOUNCEMENT - REORGANIZATION OF THE TECHNICAL AND OPERATIONS FUNCTIONS OF THE GROUP TO ACCELERATE INNOVATION AND INDUSTRIAL EXCELLENCE",
     "type": "announcement"
    },
    {
     "category": null,
     "date": "2026-11-03",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1103/2026110301202.pdf",
     "title": "Monthly Return of Equity Issuer on Movements in Securities for the month ended 31 October 2026",
     "type": "monthly_return"
    },
    {
     "category": null,
     "date": "2026-11-03",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1103/2026110300051.pdf",
     "title": "OVERSEAS REGULATORY ANNOUNCEMENT",
     "type": "announcement"
    },
    {
     "category": null,
     "date": "2026-11-03",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1103/2026110300046.pdf",
     "title": "INSIDE INFORMATION ANNOUNCEMENT - REDEFINITION OF THE MARKETING AND COMMUNICATIONS STRUCTURE OF THE GROUP",
     "type": "announcement"
    }
   ],
   "latest_filing_date": "2026-11-03",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX/09638",
   "window": {
    "from": "2025-11-04",
    "to": "2026-11-04"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "Main Board"
   },
   "isin": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "IT0005383291"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (legal jurisdiction)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/815600F40754716D2D91",
    "state": "sourced",
    "value": "Italy (IT)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-04",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN IT0005383291)",
    "state": "sourced",
    "value": "815600F40754716D2D91"
   },
   "name": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "FERRETTI"
   },
   "sector": {
    "market": "HK",
    "reason": "HKEX publishes the industry classification per issuer on its website pages, not in the List of Securities (no page reads by order)",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "HK",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "09638"
   },
   "website": {
    "market": "HK",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "HK",
  "node": "hk-cm-kg",
  "numbers_hash": "sha256:3cf1a4c1bdd8d2a864061f3c61898b31c94bd4dccba206b70ac8689ab6961e6a",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.hk-cm-kg.ai/book/aio.json",
    "door": "https://mcp.hk-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1",
   "section": "hk.aio.v6"
  },
  "record": {
   "as_of": "2026-11-04",
   "url": "https://mcp.hk-cm-kg.ai/record/HKEX/09638",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-04",
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:3cf1a4c1bdd8d2a864061f3c61898b31c94bd4dccba206b70ac8689ab6961e6a",
 "path": "/hk/HKEX/09638",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is FERRETTI, listed on the Main Board of the HK market under ticker 09638, with ISIN IT0005383291 and LEI 815600F40754716D2D91. Its security type is Corporate and its jurisdiction is Italy (IT). Its segment is not on the record, and its sector is not on the record because HKEX publishes the industry classification per issuer on its website pages, not in the List of Securities. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 164 filings in the twelve months to 2025-11-04 through 2026-11-04, on 70 filing days. The median gap between filing days is 2 days. The median gap between filing days for the Main Board is 9.0 days, and the issuer's cadence gap is below that median. The latest filing is dated 2026-11-03 and is of type announcement, 1 day before the record date of 2026-11-04. The Main Board median latency is 2.0 days, and the issuer's latency is 1 day. The exchange median filing count is 46.0, and the issuer's count of 164 is above it. Sector medians are not on the record for this market.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is EY S.p.A. Its location is not on the record. Auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The lifecycle lines for listing, delisting, name change, domicile change and segment move are not on the record, because the index does not carry a type map for this register. The issuer is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 9 research houses: Berenberg, CICC, Equita, JP Morgan, Goldman Sachs, Mediobanca, Kepler Cheuvreux, Banca Akros and UBS.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The vintage is not sealed. No issuer years are sealed, and the market's earliest sealed date is not on the record. The live record began on 2026-09-12. Years 2021 through 2026 are sealed in the store but not served as of a date, and the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "9 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/815600F40754716D2D91"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX/09638"
  },
  {
   "for": "the halt flag",
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm"
  },
  {
   "for": "the auditor",
   "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0424/2026042400099.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.hk-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.ferrettigroup.com/en-us/Investor-relations/Share-information"
  },
  {
   "for": "the record",
   "source": "https://mcp.hk-cm-kg.ai/record/HKEX/09638"
  }
 ],
 "title": "FERRETTI (09638) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}