Core Viewpoint - The report from Jefferies indicates that Samsonite (01910) plans to complete a dual listing in the United States by 2026, which is expected to enhance shareholder value [1] Shareholder Returns - The company has completed a share buyback of $200 million and anticipates that shareholder returns next year will include dividends and further share repurchases [1] Financial Projections - Jefferies forecasts that Samsonite will record a net profit of $117 million in Q4 2025, representing a 9% year-on-year decline, with a profit margin of 18.5% and a sales growth of 1.4% [1] - The Asian market is expected to recover, with a shift from a 0.3% decline in Q3 to a 1.2% increase in Q4 [1] Management Outlook - The management expressed confidence in the outlook for 2026, citing the ongoing luggage replacement cycle and significant growth potential in non-travel product categories across regions and channels [1]

Group 1 - The core point of the article is that Samsonite (01910.HK) has seen its stock price increase by over 3%, reaching a high of 21.18 HKD, the highest level since February of the previous year [2] - As of the time of reporting, Samsonite's stock is up 3.23%, trading at 21.12 HKD, with a trading volume of 31.01 million HKD [2]

Core Viewpoint - Samsonite (01910) shares rose over 3%, reaching a high of HKD 21.18, the highest since February of last year, indicating a positive market response to recent reports and forecasts [1] Group 1: Sales and Growth Outlook - HSBC Research reported that after facing challenges in 2025, Samsonite's sales trend is continuously improving, with expectations for a return to normalized growth in 2026 [1] - The impact of U.S. tariffs has largely dissipated, although reinvestment may exert pressure on profit margins [1] Group 2: Analyst Ratings and Price Targets - HSBC maintains a "Buy" rating on Samsonite, raising the target price from HKD 21 to HKD 24, citing the planned dual listing in the U.S. in 2026 as a significant positive catalyst [1] - Jefferies also expressed an optimistic mid-term outlook, increasing its target price for Samsonite from HKD 22 to HKD 23.24 while maintaining a "Buy" rating [1]

Core Viewpoint - Samsonite's stock has risen over 3%, reaching a new high of HKD 21.18 since February last year, indicating a positive market response to recent reports and forecasts [1] Group 1: Stock Performance - As of the report, Samsonite's stock increased by 3.23%, trading at HKD 21.12 with a transaction volume of HKD 31.01 million [1] Group 2: Analyst Reports - HSBC Research highlighted that after facing challenges in 2025, Samsonite's sales trend is continuously improving, with expectations for a return to normalized growth in 2026 [1] - HSBC has maintained a "Buy" rating on Samsonite, raising the target price from HKD 21 to HKD 24, citing the planned dual listing in the U.S. in 2026 as a significant positive catalyst [1] - Jefferies also expressed an optimistic mid-term outlook, increasing Samsonite's target price from HKD 22 to HKD 23.24 while maintaining a "Buy" rating [1]

Core Viewpoint - The report from Jefferies anticipates that Samsonite (01910) will announce a net profit of $117 million for Q4 2025, representing a 9% year-over-year decrease, with a profit margin of 18.5% and a sales growth of 1.4% [1] Group 1 - The company is expected to release its 2025 performance results in mid-March, with investors focusing on three key areas: management's outlook for 2026 sales and profit margins, the timeline for its U.S. listing, and the timing and scale of share buybacks [1] - Jefferies has raised the target price for Samsonite from HKD 22 to HKD 23.24, maintaining a "Buy" rating based on a more optimistic mid-term outlook [1]

Core Viewpoint - The report from Jefferies anticipates that Samsonite (01910) will announce a net profit of $117 million in Q4 2025, representing a 9% year-over-year decline, with a profit margin of 18.5% and a sales growth of 1.4% [1] Group 1 - The company is expected to release its 2025 performance results in mid-March, with investors focusing on three key areas: management's outlook on 2026 sales and profit margins, the timeline for its U.S. listing, and the timing and scale of share buybacks [1] - Based on a more optimistic mid-term outlook, Jefferies has raised the target price for Samsonite from HKD 22 to HKD 23.24 while maintaining a "Buy" rating [1]

Core Viewpoint - Jefferies forecasts that Samsonite's net profit for Q4 2025 will decline by 9% year-on-year to $117 million, with a profit margin of 18.5% and a sales growth of 1.4% year-on-year, reflecting a local currency growth of 0.4% [1] Group 1 - The company is set to announce its 2025 performance in mid-March, with investors focusing on three key areas: management's outlook on 2026 sales and profit margins, the timeline for its U.S. listing, and the timing and scale of share buybacks [1] - Based on a more optimistic mid-term outlook, Jefferies has raised the target price for Samsonite from HKD 22 to HKD 23.24, maintaining a "Buy" rating [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 公司名稱: Samsonite Group S.A. 新秀麗集團有限公司 呈交日期: 2026年1月7日 I. 法定/註冊股本變動 致：香港交易及結算所有限公司 FF301 備註： 在本報表中，法定股本（公司獲其股東授權發行的股本金額）包括公司之已發行及未發行股本。但是，根據盧森堡法律，法定股本僅包括公司之法定但未發行股本。 此法定/註冊股份數目代表法定已發行及未發行股份。法定但未發行股份數目為2,033,763,863。 此法定/註冊股本代表法定已發行及未發行股本。法定但未發行股本金額為 20,337,638.63 美元。 FF301 第 1 頁 共 10 頁 v 1.1.1 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01910 | 說明 | | | ...

Group 1 - T. Rowe Price Associates, Inc. and its Affiliates reduced their stake in Samsonite International S.A. by selling 1.5006 million shares at a price of HKD 20.167 per share, totaling approximately HKD 30.2626 million [1] - After the reduction, T. Rowe Price's latest holding amounts to approximately 110 million shares, representing a holding percentage of 7.95% [1]

Group 1 - T. Rowe Price Associates, Inc. and its Affiliates reduced their stake in Samsonite International S.A. (01910) by selling 1.5006 million shares at a price of HKD 20.167 per share, totaling approximately HKD 30.2626 million [1] - After the reduction, T. Rowe Price's latest shareholding stands at approximately 110 million shares, representing a holding percentage of 7.95% [1]