M Stanley Cuts SAMSONITE TP to HKD21 on High Oil Prices
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M Stanley has downgraded SAMSONITE's target price from HKD26 to HKD21 due to high oil prices impacting air travel demand and consumer spending. The broker anticipates moderate sales growth and pressure on net profit margins, with risks becoming more evident in the second half of 2026. Sales forecasts for 2026 and 2027 were cut by 3% and 2%, respectively, while EPS forecasts were reduced by 19% and 16%.
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