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RTNominal up7.550 +0.230 (+3.142%)

10/01/2020 17:32

{I-bank focus}Jefferies starts Samsonite (01910) at HK$18.09

[ET Net News Agency, 10 January 2020] Jefferies Research initiated coverage on
Samsonite (01910) with a "hold" rating and a target price of HK$18.09.
The research house said luggage and travel bags will remain a beneficiary of global
travel trends, for both business and leisure, which in turn should benefit Samsonite, the
world's largest luggage company.
While in the short term Jefferies expects Samsonite will face a challenging 2020 with
issues in a few of its key markets (volume volatility and GPM pressure post tariff issues
in the US, and weakness in Chile, and HK, given social issues), the research house expects
its performance to recover in 2021 with 7% EBIT growth on 5% sales growth. (KL)

Remark: Real time quote last updated: 13/07/2020 17:58
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