大行评级｜杰富瑞：上调新秀丽目标价至23.24港元 维持“买入”评级

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]