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Research Report

15/05/2020 17:01

{I-bank focus}CLSA cuts Samsonite (01910) to HK$9.06

[ET Net News Agency, 15 May 2020] CLSA cut its target price for Samsonite International
SA (01910) to HK$9.06 from HK$9.84 and maintained its "buy" rating.
While the 1Q result itself was in-line with the previous trading update, the research
house was positively impressed by the stronger-than-expected liquidity arrangement, cost
control, and cash flow management, yet negatively surprised by slow sales outcomes in
regions Covid-19 was reasonably well contained.
CLSA now forecast adjusted EBITDA loss of US$270m and cut 2021/22Cearnings by 16%/7%,
respectively. (KL)

Remark: Real time quote last updated: 30/10/2020 17:59
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