Core Viewpoint - The report from CICC indicates that Samsonite's Q3 net sales reached $873 million, reflecting a year-on-year decline of 1.3% at constant exchange rates. Adjusted EBITDA was $143 million, and adjusted net profit was $63.6 million, down from $79.7 million in the same period last year [1] Group 1: Financial Performance - Samsonite's Q3 net sales were $873 million, a 1.3% year-on-year decline at constant exchange rates [1] - Adjusted EBITDA for the quarter was $143 million [1] - Adjusted net profit was $63.6 million, compared to $79.7 million in the previous year [1] Group 2: Future Projections - The company is experiencing an unexpected recovery in Asia, prompting an upward revision of revenue and net profit forecasts for 2025 by 3% and 12%, respectively, to $3.513 billion and $302 million [1] - Due to the strong performance of the Tumi business and direct sales channels, as well as improved operating leverage, forecasts for 2026 revenue and net profit have been raised by 3% and 8%, respectively, to $3.753 billion and $342 million [1] Group 3: Rating and Target Price - CICC maintains a "outperform" rating for Samsonite, considering the steady trend of sales rebound [1] - The target price has been increased by 20% to HKD 24 [1]