The Zhitong Finance App learned that Bank of America Securities released a research report saying that Samsonite (01910.HK) was affected by consumer sentiment in major markets due to inflationary pressure continuing to hit consumer sentiment in major markets. After excluding exchange rate effects in the second quarter, sales, adjusted EBITDA and net profit after tax will drop 1%, 20%, and 25% year-on-year respectively. The target price was lowered from HK$22 to HK$20, confirming the “buy” rating.

The Zhitong Finance App learned that Bank of America Securities released a research report saying that Samsonite (01910.HK) was affected by consumer sentiment in major markets due to inflationary pressure continuing to hit consumer sentiment in major markets. After excluding exchange rate effects in the second quarter, sales, adjusted EBITDA and net profit after tax will drop 1%, 20%, and 25% year-on-year respectively. The target price was lowered from HK$22 to HK$20, confirming the “buy” rating.