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<Research>CLSA Adds SAMSONITE (01910.HK) TP to $22, Reiterates Rating at High Conviction Outperform
Recommend 7 Positive 5 Negative 2 |
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SAMSONITE (01910.HK)'s 3Q25 sales amounted to US$873 million, down 1.3% YoY based on constant exchange rates, with all regions and brands showing QoQ improvements, according to CLSA's research report. Sales turned positive from August to October, and maintained a stable trend since November. CLSA forecasted FY2025 adjusted EBITDA margin to be 16.4%, down 2.7 ppts YoY, and expected it to rebound to 17.1% in FY2026, with sales growth recovering to a YoY increase of 3%. Based on the improved outlook for 2H25, the broker added its target price from $21 to $2, with rating reiterated at High Conviction Outperform. AASTOCKS Financial News Website: www.aastocks.com |
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