格隆汇November 14th | Bank of America Securities' research report pointed out that samsonite's third-quarter performance fell short of expectations. It is expected to see a recovery in the fourth quarter, with downward adjustments of 6% to the adjusted EBITDA forecast for the next two years, as well as profit forecasts of 11% and 13% to reflect quarterly performance. Management expects natural sales for the full year to be flat compared to last year, implying mid-single-digit sales growth in the fourth quarter. The trend in the fourth quarter so far has improved, mainly due to stimulus measures by the mainland government and the low base in the fourth quarter of last year. The bank believes that by 2025, the company can restore its sales growth and gross margin expansion, benefiting from investments in strengthening the brand, product innovation, non-travel products, and direct-to-consumer channels. The bank reiterated its “buy” rating, lowering the target price from 26.8 Hong Kong dollars to 24 Hong Kong dollars.
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- Large Bank Rating | Bank of America: Lowering samsonite's target price to 24 Hong Kong dollars, lowering earnings forecast for the next two years.
大行评级｜美银：下调新秀丽目标价至24港元 下调今明两年盈测
Large Bank Rating | Bank of America: Lowering samsonite's target price to 24 Hong Kong dollars, lowering earnings forecast for the next two years.
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