Core Viewpoint - Samsonite (01910) is experiencing a positive sales trend post-2025 challenges, with expectations for normalized growth in 2026, despite potential profit margin pressures from reinvestment [1] Group 1: Sales and Profit Forecast - HSBC's report indicates that the impact of U.S. tariffs on Samsonite has largely dissipated, leading to an anticipated recovery in sales [1] - Jefferies forecasts that Samsonite will report a net profit of $117 million for Q4 2025, representing a 9% year-over-year decline, with a profit margin of 18.5% and a sales growth of 1.4% [1] - Local currency sales growth is projected at 0.4% for the same period [1] Group 2: Future Catalysts and Investor Focus - The planned dual listing in the U.S. in 2026 is seen as a significant positive catalyst for the company [1] - Investors are expected to focus on three key areas during the upcoming earnings announcement: management's outlook on 2026 sales and profit margins, the timeline for the U.S. listing, and the timing and scale of share buybacks [1]

Core Viewpoint - Samsonite's sales trend is improving after challenges in 2025, with expectations for normalized growth in 2026, despite potential pressure on profit margins from reinvestment [1] Group 1: Company Performance - Samsonite's stock rose nearly 3%, currently at HKD 21.28, with a trading volume of HKD 48.9031 million [1] - HSBC's report indicates that the impact of U.S. tariffs has largely dissipated, which is a positive sign for the company's future performance [1] - Jefferies forecasts a net profit of USD 117 million for Samsonite 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 2: Future Outlook - The company plans a dual listing in the U.S. in 2026, which is expected to be a significant positive catalyst [1] - Investors will focus on three key areas during the upcoming earnings announcement: management's outlook on 2026 sales and profit margins, the timeline for the U.S. listing, and the timing and scale of share buybacks [1]

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 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 - 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 - The report from Citigroup indicates that Samsonite's third-quarter sales amounted to $873 million, reflecting a year-over-year decline of 1.3% when adjusted for constant currency, although all regions and brands showed signs of sequential improvement [1] Group 1: Financial Performance - Samsonite's management expresses confidence in sequential improvement for the fourth quarter, despite noting a high comparison base for December [1] - Citigroup forecasts a 0.2% year-over-year decline in group sales for the fourth quarter, with an overall sales decline of 3% for the full year [1] Group 2: Profitability Outlook - For fiscal year 2025, Citigroup predicts an adjusted EBITDA margin of 16.4%, a decrease of 2.7 percentage points year-over-year [1] - The firm anticipates a recovery in the margin to 17.1% for fiscal year 2026 [1] Group 3: Target Price Adjustment - Based on improved outlook for the second half of 2025, Citigroup raises Samsonite's target price from HKD 21 to HKD 22 and reaffirms a "highly confident outperform" rating [1]

Core Viewpoint - Citibank's report indicates that Samsonite's Q3 sales reached $873 million, reflecting a year-on-year decline of 1.3% when adjusted for constant currency, although all regions and brands showed sequential improvement [1] Group 1: Sales Performance - Sales turned positive from August to October, maintaining a stable trend from November to the present [1] - The management expresses confidence in sequential improvement for Q4, but notes that December has a high comparative base [1] Group 2: Financial Forecast - Citibank anticipates a 0.2% year-on-year decline in group sales for Q4, with an overall annual sales decline of 3% [1] - The forecast for adjusted EBITDA margin is 16.4% for FY2025, a decrease of 2.7 percentage points year-on-year, with a recovery to 17.1% in FY2026 and a sales growth of 3% year-on-year [1] Group 3: Target Price Adjustment - Based on improved outlook for the second half of 2025, Citibank raises its target price from HKD 21 to HKD 22, reiterating a "highly confident outperform" rating [1]

Core Viewpoint - Citic Lyon has raised the target price for Samsonite (01910) by 4.8%, from HKD 21 to HKD 22, maintaining a strong "outperform" rating, reflecting confidence in the company's growth potential [1] Group 1: Financial Forecasts - Citic Lyon has increased its sales forecasts for the company for the fiscal years 2025-2027 by 2-3% and adjusted net profit forecasts by 2-10%, primarily due to improved outlook for the second half of 2025 [1] - The adjusted EBITDA margin for fiscal year 2025 is projected to be 16.4%, a decrease of 2.7 percentage points year-on-year, while it is expected to reach 17.1% in fiscal year 2026, with sales returning to a 3% growth [1] Group 2: Recent Performance and Outlook - In the third quarter, the company's sales decreased by 1.3% year-on-year to USD 873 million, but all regions and brands recorded sequential growth [1] - Sales turned positive from August to October, with a continued positive trend from November to the present [1] - The Chinese market outperformed expectations in the third quarter, with a year-on-year increase of 10%, aligning with Citic Lyon's prior expectations, and management is confident about sequential improvement in the fourth quarter [1] - Citic Lyon anticipates a slight year-on-year decline of 0.2% in sales for the fourth quarter, with an overall expected decline of 3% in annual sales [1]