Core Viewpoint - Samsonite experienced a significant stock price increase, reaching a new high since March, following the release of its third-quarter financial results, which showed mixed performance against market expectations [1] Financial Performance - Adjusted net profit for the third quarter was $63.6 million, below the market estimate of $68.9 million [1] - Net sales amounted to $872.7 million, exceeding the forecast of $860.2 million [1] - Net profit increased by 11% to $73.5 million, with earnings per share at 5.3 cents [1] Market Reaction - The stock opened significantly higher, with an intraday increase of up to 25%, reaching a peak of HKD 20.96, resulting in a total market capitalization of HKD 28 billion [1] - Morgan Stanley described the third quarter as a bottoming out for Samsonite, indicating the start of a new cycle, and expressed an optimistic outlook for the fourth quarter [1] - The firm upgraded its rating to "Overweight" with a target price of HKD 24 [1]
港股异动丨新秀丽盘中大涨25% 大摩指其Q3业绩探底 Q4展望乐观