01910 SAMSONITE
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SAMSONITE News
Samsonite (01910.HK): Main Brand and Leading Growth in Asia
The company announced the first quarter results announcement: 24Q1 revenue of US$860 million, an increase of 0.9%; net profit to mother of US$83 million, an increase of 12.3%; the 24Q1 revenue growth was mainly due to the company's use of marketing to increase investment, and
Bank Rating | Lyon: Lowering Samsonite's target price to HK$33, downgrading the rating to “outperform the market”
Glonghui, May 20 | Lyon released a report saying that Samsonite's first-quarter sales were US$860 million and adjusted EBITDA of US$161 million, all lower than expectations. Sales in Asia increased 7.5% year-on-year, lower than the bank's estimated double-digit growth. Among them, the Indian business was under pressure due to a challenging comparative base and increased competition. Europe and North America were generally the same. The Tumi brand grew by only 1.6%, which was lower than the performance of other core brands. Management expects sales to increase by 6% to 8% in the second quarter at a fixed exchange rate. The bank estimates that the European business is double-digit long, the US business has improved significantly, and the performance in Asia is normal
Key indicators in Q1 fell off the chain, and Samsonite (01910) growth was questioned again
High expectations diverge from low growth.
Bank Ratings | Bank of America: Lowering Samsonite's Target Price to HK$35 to Reiterate “Buy” Rating
Glonghui, May 17 | Bank of America Securities released a report stating that Samsonite's first-quarter revenue and adjusted EBITDA increased by 1% and 3% year-on-year respectively, which was lower than expected, mainly due to the high base in the first quarter of last year and the adverse effects of foreign exchange changes. The company lowered its sales growth guide for the whole year from the original forecast of 10% to 12% to a higher number of units. The bank lowered Samsonite's earnings estimates per share by 5% each for this year and next two years, from HK$36 to HK$35. It is expected that the company will re-establish a good growth momentum starting in the next quarter, mainly due to increased advertising efforts, growth in the Asian market driven by China/Japan, and summer
Analysts Are Bullish on Top Consumer Cyclical Stocks: CarMax (KMX), Samsonite International SA (SMSOF)
Bank of America Securities: Reiterates Samsonite's (01910) “Buy” Rating Target Price Reduction to HK$35
Bank of America Securities lowered Samsonite's (01910) earnings estimates for each share of this year and next by 5%.
Hong Kong Stock Afternoon Review | The three major indices strengthened, rising more than 4% after Tencent's results; domestic housing stocks and domestic bank stocks improved, COSCO Group rose nearly 49%, and CCB rose more than 5%
Technet stocks had mixed ups and downs. Tencent rose more than 4%, Ali fell more than 2%; insurance stocks strengthened, China Taiping rose more than 6%, and Ping An of China rose nearly 6%.
Samsonite Shares Slump After Stagnant First-Quarter Sales
By Tracy Qu Samsonite International shares slumped as first-quarter sales were stagnant and the luggage maker lowered full-year guidance. Shares were 11% lower at 25.55 Hong Kong dollars (US$3.27) a
Samsonite (01910) 1Q24 results conference: The improvement trend in the first half of the year is obvious, and Q2 revenue is expected to grow by medium to high units
Samsonite (01910) believes that both 24Q1-Q2 are growing strongly. Seeing an improvement trend, 24Q2 will perform better than Q1, and H2 will be superior to H1.
Jefferies: Lowering the target price of Samsonite (01910) to 34.4 Hong Kong's head quarterly adjusted EBITDA and sales performance in Eurasia were lower than expected
Jefferies expects the adjusted EBITDA of Samsonite (01910) to be US$759 million, with a profit margin of 19.5%, an increase of 0.2 percentage points.
Changes in Hong Kong stocks | Samsonite (01910) fell more than 13% after the results, net profit in the first quarter increased by 12.3% year-on-year, and the company lowered its annual revenue growth guidelines
Samsonite (01910) later fell by more than 13%. As of press release, it fell 11.61% to HK$25.5, with a turnover of HK$321 million.
Jefferies Adjusts Samsonite International's Price Target to HK$34.40 From HK$36.30, Keeps at Buy
04:34 AM EDT, 05/15/2024 (MT Newswires) -- Jefferies Adjusts Samsonite International's Price Target to HK$34.40 From HK$36.30, Keeps at Buy Price (HKD): $28.85, Change: $, Percent Change: %
Samsonite (01910.HK): 1Q24 results fell short of expectations due to a slowdown in travel demand growth; 2024 profit margin guidance remains unchanged
1Q24 results fell short of our expectations Samsonite announced 1Q24 results: net revenue of US$860 million, up 4% year-on-year at a fixed exchange rate (CER) (up 18% compared to 1Q19). The adjusted EBITDA was
Samsonite Posts Sales Rise on Asia Growth, Says Dual-Listing Process Underway
By Kimberley Kao Luggage maker Samsonite reported a rise in quarterly profit and sales, driven by a continued rebound in leisure and business travel, particularly in Asia. The world's largest luggag
Express News | CITIC Lyon Securities: Downgraded Samsonite's rating to an increase in holdings, with a target price of HK$33.
Featured announcements | Tencent's Q1 adjusted net profit increased 54% year on year; Ali's adjusted net profit for the fourth fiscal quarter fell 11% year on year
China Railway Construction won bids for several projects totaling more than 60 billion yuan; Mingchuang Premium: Q1 adjusted net profit of 617 million yuan, an increase of 27.7% over the previous year.
Earnings Call Summary | SAMSONITE INTL SA(SMSOF.US) Q1 2024 Earnings Conference
The following is a summary of the Samsonite International S.A. (SMSOF) Q1 2024 Earnings Call Transcript:Financial Performance:Samsonite reported Q1 sales of $860 million, marking a growth of 4.1%.Gros
Samsonite International Reports Q1 Results
Samsonite (01910.HK): 24Q1 revenue was affected by the strengthening of the US dollar, gross margin reached a record high and increased profitability
Investment Highlights The company released its quarterly report for the year 24. The 24Q1 revenue was US$860 million, +0.9% year over year, excluding exchange impact +4.1% year over year. Revenue was greatly affected by the strengthening of the US dollar, and overall Q1 performance was weaker than expected for the whole year
Profit attributable to Samsonite (01910.HK) equity holders in the first quarter of $82.9 million increased 12.3% year-on-year
Glonghui, May 14 | Samsonite (01910.HK) announced that for the three months ended March 31, 2024, the company's net sales were 859.6 million US dollars, up 0.9% from the first quarter of 2023, which was driven by strong post-pandemic tourism recovery (4.1% increase on a constant exchange rate basis). The gross margin for the period was 60.4%, compared to 58.0% for the three months ended March 31, 2023. The increase in gross margin is mainly due to the year-on-year improvement in gross margin in all regions, and in particular, the share of total net sales in Asia, which has the highest gross margin. Increased gross margin
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