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<Research>UBS: SAMSONITE (01910.HK) Upgraded to Buy as Rev. Regaining Traction
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SAMSONITE (01910.HK)'s revenue is regaining traction, with the impact of US tariffs appearing milder than expected, UBS released a research report saying. Meanwhile, the Company has diversified levers to mitigate tariff impacts. The broker anticipated that SAMSONITE's 2026 adjusted EBITDA will resume growth, up 8% YoY, benefiting from a 5% revenue growth and operating leverage. Improved operating performance should also enhance the visibility of a secondary listing in the US, potentially driving a re-rating of PE ratio. As the investor base expands, SAMSONITE's valuation will converge towards the global peer levels in the medium and long term. Therefore, UBS raised its target price for SAMSONITE from $17.4 to $24.1, and upgraded rating from Neutral to Buy. AASTOCKS Financial News Website: www.aastocks.com |
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