The Zhitong Finance App learned that Citi released a research report stating that it maintains the Samsonite (01910) “buy” rating. There is no new news on recent acquisition rumors, and the current valuation is low. Therefore, the relevant news helped release reasonable value and raised its target price from HK$33.5 to HK$35.5 to reflect better profit margin prospects.

According to the report, Samsonite will announce its 2023 annual results on the 13th of this month. It is estimated that revenue for the fourth quarter of last year increased 20% year-on-year to 980 million US dollars, with a net profit of 96 million US dollars. Looking ahead to this year, travel demand will continue to grow, driving luggage sales performance. The diversification of the company's brand, product line, sales channels and market will enhance its business capabilities. It is estimated that this year's revenue will increase by more than 9%.