Hong Kong Stock Movement: SAMSONITE (01910) Rises Over 3%, Hitting New High; Institutions Forecast Normalized Growth by 2026

Stock News01-15

SAMSONITE (01910) climbed more than 3%, reaching a high of HK$21.18, marking its highest level since February of last year. As of writing, the stock was up 3.23% to HK$21.12, with a turnover of HK$31.0147 million. HSBC Research published a report indicating that SAMSONITE's sales trends are showing continuous improvement after facing challenges in 2025, with expectations for a return to normalized growth in 2026. While the impact of US tariffs has largely subsided, potential reinvestment could exert pressure on profit margins. HSBC maintained its "Buy" rating on SAMSONITE and raised its target price from HK$21 to HK$24, citing the planned dual listing in the US in 2026 as a significant positive catalyst. Jefferies also expressed optimism in its research note, upgrading its target price for SAMSONITE from HK$22 to HK$23.24 based on a more positive medium-term outlook and reiterating a "Buy" rating.

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