GO
| HSI1 | 21,971.96 | 0.00 | -- |
| HSCEI1 | 8,080.19 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
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2025-04-28 10:49:24 UBS has released a report downgrading SAMSONITE (01910.HK)'s rating from Buy to Neutral and cutting its target price from $28.7 to $15, given that US tariffs were heavier and broader than expected. In UBS' estimate, North America will experience notable impacts on demand and gross margin. While the broker remained positive about SAMSONITE's long-term growth potential, it anticipated the company's earnings to encounter challenges in the near term. In addition, current market volatility may delay SAMSONITE's timetable for a secondary listing in the US. UBS considered the company's current valuation reasonable, which left limited room for downgrades. A global recession could present further earnings downside. ~ AAStocks Financial News Web Site: www.aastocks.com | |