Glonghui, March 4 | Morgan Stanley released a report saying that Samsonite's stock price has risen 21% since February 26, and the Hang Seng Index only rose 1% during the same period, mainly due to media reports that the company received takeover proposals. Even after the stock price rises, the valuation is still discounted compared to global peers. I believe that the increase in travel demand will support its sales prospects, and the growth of its Tumi and Asian markets will boost its profit margins. Recent travel industry data is encouraging. The bank estimates that Samsonite management will publish a more confident outlook when announcing future results. The bank estimates that Samsonite's sales will increase by 9% and 7% respectively this year and next. The target price was raised from HK$34.3 to HK$35, with a rating of “gain”.
大行评级｜大摩：上调新秀丽目标价至35港元 评级“增持”
Big Bank Rating | Damo: Raise Samsonite's target price to HK$35 to “gain weight”
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.