Changes in Hong Kong stocks | Samsonite (01910) is now down more than 5%, and the third quarter results may fall short of expectations, and the bank lowered the company's target price and performance forecast

The Zhitong Finance App learned that Samsonite (01910) is now down more than 5%. As of press release, it is down 4.63% to HK$18.52, with a turnover of HK$170 million.

According to a research report published by UBS, Samsonite's third-quarter results are expected to weaken due to factors such as sluggish consumer sentiment, price competition in the Indian market, and slowing growth in the Western region. UBS lowered its revenue forecast for this year to 2026 by 1% to 2%. It is expected that there will be a more obvious slowdown in the second half of this year. Furthermore, the degree of operating deleveraging that exceeds expectations and unfavorable sales portfolio transfers will also cause the bank to lower its profit margin forecast.

Macquarie previously released a research report saying that Samsonite's sales and profits for the third quarter are expected to fall short of expectations, and the target price was lowered from HK$22 to HK$19.7. The bank expects Samsonite's revenue for the third quarter of this year to fall 3% year-on-year due to declining global consumer trends. It is believed that gross margin for the third quarter will be negatively affected by unfavorable regions and product portfolios, but good cash flow should allow the company to continue to return shareholders and carry out deleveraging.