Glonghui, November 8 | Lyon published a research report saying that Samsonite will announce its third-quarter results next Wednesday (13th). It is predicted that due to weak performance in the Asian and North American markets, its group sales for the third quarter will fall 3% year-on-year based on constant exchange rates. By brand, it is expected that Samsonite's performance may continue to slightly lead Tumi, while America Tourist is facing maximum pressure. Among them, the weakness of Tumi, which has high profits, and the Asia Pacific region, and the Group may introduce larger discounts, will reduce the profit margin that dragged down EBITDA to 17.5% Looking ahead to the second half of the year, Lyon said there are no signs of recovery. It is believed that operating leverage pressure will continue in the fourth quarter. Sales for the full year of this year are expected to remain flat year on year. The full year EBITDA profit margin may fall to 18.2% year on year, lowering the target price from HK$27 to HK$22, but due to its low valuation, it still maintains a “outperforming the market” rating. Lyon believes that after some time, Samsonite sales can return to normal, and the compound annual growth rate between 2024 and 2026 can reach a medium percentage of units.