01910 Should I Buy

The analyst rating for Samsonite (01910.HK) is influenced by several positive factors highlighted in the article. Goldman Sachs noted that the company's management expressed a more optimistic outlook during the latest conference call compared to the previous one in August. This optimism is supported by the anticipated launch of new products and increased advertising efforts ahead of the peak season, which are expected to drive improved net sales growth in the fourth quarter compared to the third quarter. Additionally, based on Samsonite's third-quarter results, Morgan Stanley raised its adjusted net profit forecast for the company for the years 2025 to 2027 by 5-8% and increased the target price from HKD20.9 to HKD22, maintaining a Buy rating. Goldman Sachs also pointed out that the potential dual listing in the US next year and share buybacks to mitigate dilution effects could act as catalysts for further re-rating of the stock. These factors collectively contribute to a positive analyst rating for Samsonite.