by winston » Fri Jan 19, 2024 4:53 pm
not vested
SAMSONITE(1910)
Analysis:
Samsonite is an American company that specializes in designing, manufacturing, and selling luggage, backpacks and other travel-related products.
With a diverse product line that includes suitcases, travel bags, accessories, business briefcases, laptop bags, small leather goods, outdoor products and children`s items, the company has established itself as a leading player in the industry.
According to the company`s management, fiscal year 2023 is expected to see a significant increase in revenue compared to 2019, with a gross profit margin of approximately 59%.
Looking ahead to 2024, Samsonite`s management anticipates revenue growth of high single digits, or around 10%, year-on-year.
The company`s sales momentum in North America and Europe has returned to normal this year, while business tourism and the Asian market have both shown strong growth, contributing positively to overall performance.
Additionally, the Lunar New Year tourism boom in February is expected to be a further boost to the company`s financial results.
Strategy:
Buy-in Price: $22.50, Target Price: $24.40, Cut Loss Price: $21.50
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"