BUZZ-HK-listed Samsonite drops on Q1 earnings miss
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Samsonite Group SAshares fell 9.6% to HK$13.9 after reporting a 42.6% drop in Q1 profit and a 40.3% decline in adjusted net income year-on-year. The company anticipates similar net sales performance in Q2 and faces challenges in H2 due to U.S. tariff uncertainties. Citi has lowered its price target from HK$26 to HK$19.7, citing a more cautious outlook on sales and margins. Year-to-date, the stock has decreased by 34.3%.
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