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<Research>Macquarie: SAMSONITE Heading Towards Dual Listing; 4Q Results Expected to Reverse Decline
Recommend 3 Positive 3 Negative 2 |
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SAMSONITE (01910.HK) has announced details of its proposed dual listing in the US, according to a Macquarie research report. The dual listing is expected to be conducted in the form of American Depositary Shares (ADS). The net proceeds will be allocated for working capital and general corporate purposes, including operational and capital expenditures, debt repayment, and funding potential acquisitions. Shareholders' meetings and a special shareholders' meeting are scheduled for March 19, 2026, to approve these matters. Macquarie has reiterated its view that SAMSONITE is at a turning point. It forecasts SAMSONITE's 4Q25 revenue and adjusted net profit to have reversed the decline with YoY growth of 0.4% and 6.2%, respectively. SAMSONITE's rating remains Outperform, with a target price of HKD29. AAStocks Financial News |
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