Samsonite's Dual Listing Could Raise Its Trading Liquidity -- Market Talk

Dow Jones03-22

0553 GMT - Samsonite's dual listing may increase its trading liquidity, say DBS Group Research analysts in a note. The dual listing could also create an opportunity to reach investors in markets that are "an important part of its global footprint," it says. Although at early stages, Samsonite's pursuit of a dual listing could expand its strong base of investor support that it has established via its Hong Kong listing, DBS adds. The bank has a buy rating with a target price of HK$43.32 on the stock, which is down 8.8% at HK$28.00.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

March 22, 2024 01:53 ET (05:53 GMT)

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The dual listing could also create an opportunity to reach investors in markets that are \"an important part of its global footprint,\" it says. Although at early stages, Samsonite's pursuit of a dual listing could expand its strong base of investor support that it has established via its Hong Kong listing, DBS adds. 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