Core Viewpoint - Samsonite's stock has risen over 3%, reflecting positive sentiment driven by optimistic management outlook and anticipated sales growth in Q4 due to new product launches and increased advertising efforts [1] Group 1: Management Outlook - Goldman Sachs noted that the latest management call showed a more optimistic business outlook compared to the August earnings call, expecting improved net sales growth in Q4 compared to Q3 [1] - UBS highlighted that Samsonite's revenue is regaining momentum, with the impact of U.S. tariffs appearing milder than expected, and the company has multiple levers to mitigate tariff impacts [1] Group 2: Financial Projections - Goldman Sachs believes that the better-than-expected Q3 performance and positive management outlook will benefit short-term stock sentiment [1] - UBS forecasts an 8% year-on-year growth in adjusted EBITDA for the company next year, supported by a 5% revenue growth and operational leverage [1] - Daiwa raised its earnings per share forecast for Samsonite from 7% to 16% for 2025 to 2027, citing changes in product mix leading to more resilient gross margins [1] Group 3: Future Catalysts - Potential dual listing in the U.S. next year and share buybacks to alleviate dilution effects are seen as catalysts for further valuation reassessment of the stock [1] - The anticipated new revenue growth cycle and potential U.S. listing could attract more global investors, making the target price of 13 times next year's forecasted P/E ratio achievable [1]

Core Viewpoint - Samsonite's stock has risen over 3%, reflecting positive sentiment driven by optimistic management outlook and anticipated sales growth in Q4 [1] Group 1: Company Performance - Goldman Sachs reports that Samsonite's management has a more optimistic view on business prospects compared to the August earnings call, expecting improved net sales growth in Q4 due to new product launches and increased advertising efforts [1] - UBS indicates that Samsonite's revenue is regaining momentum, with the impact of U.S. tariffs appearing milder than expected, and the company has multiple levers to mitigate tariff impacts [1] - Daiwa has raised its earnings per share forecast for Samsonite for 2025 to 2027 by 7% to 16%, citing changes in product mix leading to more resilient gross margins and gradual increases in market spending [1] Group 2: Market Sentiment and Future Outlook - Goldman Sachs believes that the better-than-expected Q3 performance and positive management outlook will benefit short-term stock sentiment [1] - The potential for a dual listing in the U.S. next year and share buybacks to alleviate dilution effects are seen as catalysts for further valuation reassessment of the stock [1] - UBS forecasts an 8% year-on-year growth in adjusted EBITDA for the company next year, benefiting from a 5% revenue growth and operational leverage [1]

（本公司組織章程細則應以英文本為準，任何中文譯本不得更改或影響其解釋） 1. 詮釋 Samsonite Group S.A. 新秀麗集團有限公司 股份有限公司 2025年 11月 7日之註冊成立章程細則 1.1. 本章程細則的頁邊註釋不會影響章程細則的詮釋。於本章程細則中，除標題或 文義另有註明： | 「章程細則」 | 指 | 本公司現時的組織章程細則及當時有效的 | | --- | --- | --- | | | | 所有補充、經修訂或替代章程細則； | | 「聯繫人」 | 指 | 就任何董事而言，具有上市規則所賦予之 | | | | 涵義； | | 「董事會」 | 指 | 董事會； | | 「營業日」 | 指 | 盧森堡、美國或香港商業及金融市場開門 | | | | 進行買賣的任何日子； | | 「主席」 | 指 | 不時主持任何股東大會或董事會會議的主 | | | | 席； | | 「公司條例」 | 指 | 不時修訂的公司條例（香港法例第 32 章）； | | 「本公司」 | 指 | 新秀麗集團有限公司，乃受盧森堡大公國 | | | | 法律規管的股份有限公司，其註冊辦事處 | | | | 位 於 20 ...

Core Viewpoint - Daiwa has raised its earnings per share forecast for Samsonite from 7% to 16% for the years 2023 to 2027, citing changes in the product mix leading to more resilient gross margins and a gradual increase in market spending [1] Group 1 - The potential for a new revenue growth cycle and the possibility of a U.S. listing could attract more global investors [1] - The target price for next year, based on a forecasted price-to-earnings ratio of 13 times, is considered realistically achievable [1] Group 2 - Daiwa has increased its target price for Samsonite from HKD 16 to HKD 25 [1] - The investment rating has been upgraded from "Hold" to "Buy" [1]

Core Viewpoint - Goldman Sachs has raised its adjusted net profit forecast for Samsonite (01910) for the years 2023 to 2027 by 5% to 8%, and increased the target price from HKD 20.9 to HKD 22, maintaining a "Buy" rating [1] Group 1: Financial Performance - Samsonite's stock price has fluctuated over the past three months, but the better-than-expected third-quarter performance and the management's positive outlook are expected to boost short-term stock sentiment [1] - The management's latest conference call reflects a more optimistic view on business prospects compared to the August earnings call, anticipating improved net sales growth in the fourth quarter driven by new product launches in September and increased advertising activities before the peak season [1] Group 2: Future Catalysts - Potential dual listing in the U.S. next year and share buybacks to mitigate dilution effects are seen as catalysts for further valuation reassessment of the stock [1]

Core Viewpoint - UBS reports that Samsonite (01910) appears to be oversold, with a short position of $206 million in the US last month, covering a record high of 28.5 days [1] Group 1: Financial Performance - UBS expects an upward revision of profit forecasts and a re-evaluation of the price-to-earnings ratio as the economic cycle turns and positive catalysts emerge [1] - The company’s revenue is regaining momentum, with the impact of US tariffs appearing to be milder than expected [1] - The adjusted EBITDA for the company is projected to grow by 8% year-on-year next year, benefiting from a 5% revenue growth and operational leverage [1] Group 2: Valuation and Market Position - UBS has raised its target price for Samsonite from HKD 17.4 to HKD 24.1 and upgraded its rating from "Neutral" to "Buy" [1] - Improved operational performance is expected to enhance the visibility of the company's secondary listing in the US, potentially driving a re-evaluation of its price-to-earnings ratio [1] - As the investor base expands, the valuation of Samsonite is anticipated to align more closely with global industry levels in the medium to long term [1]

Core Viewpoint - UBS reports that Samsonite (01910) appears to be oversold, with a significant short position of $206 million in the U.S. and a record coverage period of 28.5 days, indicating potential for a positive turnaround in earnings forecasts and valuation reassessment [1] Group 1: Financial Performance - UBS has raised its target price for Samsonite from HKD 17.4 to HKD 24.1, upgrading the rating from "Neutral" to "Buy" [1] - The company’s revenue is regaining momentum, with the impact of U.S. tariffs appearing to be milder than expected [1] - The adjusted EBITDA for the company is projected to grow by 8% year-on-year next year, benefiting from a 5% revenue growth and operational leverage [1] Group 2: Market Outlook - Improved operational performance is expected to enhance the visibility of the company's secondary listing in the U.S., potentially driving a reassessment of its valuation [1] - As the investor base expands, Samsonite's valuation is anticipated to align more closely with global industry peers in the medium to long term [1]

Core Viewpoint - UBS report indicates that Samsonite's revenue is regaining momentum, with the impact of U.S. tariffs appearing to be milder than expected, while the company has multiple levers to mitigate tariff impacts [1] Group 1: Financial Performance - The firm expects adjusted EBITDA for the company to recover growth next year, increasing by 8% year-on-year, driven by a 5% revenue growth and operational leverage [1] Group 2: Market Position and Valuation - Improved operational performance is expected to enhance the visibility of the company's secondary listing in the U.S., potentially driving a re-evaluation of its price-to-earnings ratio as the investor base expands [1] - The valuation of Samsonite is anticipated to align more closely with global peers in the medium to long term [1] Group 3: Target Price and Rating - UBS has raised its target price for Samsonite from HKD 17.4 to HKD 24.1 and upgraded its rating from "Neutral" to "Buy" [1]

Group 1 - T. Rowe Price Associates, Inc. and its Affiliates increased their stake in Samsonite International S.A. (01910.HK) by purchasing 2,897,400 shares at an average price of HKD 16.814 per share, totaling approximately HKD 48.72 million [1] - Following this transaction, T. Rowe Price's total shareholding in Samsonite rose to 111,011,100 shares, increasing their ownership percentage from 7.81% to 8.02% [1]

Group 1 - T. Rowe Price Associates, Inc. and its Affiliates increased their stake in Samsonite International S.A. (01910.HK) by purchasing 2.8974 million shares at an average price of HKD 16.814 per share, totaling approximately HKD 48.7169 million [1] - Following the acquisition, T. Rowe Price's total shareholding in Samsonite rose to 111,011,100 shares, increasing their ownership percentage from 7.81% to 8.02% [1][2]