Samsonite 1910

Re: Samsonite 1910

Postby winston » Fri Nov 23, 2012 2:38 pm

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SAMSONITE (01910.HK) kept Buy with TP hiked to $18 - UBS

SAMSONITE (01910.HK) is likely to satisfy UBS operating revenue/net profit growth forecast of 11%/12% for 2012, despite challenging macro conditions, the broker said in a report.

SAMSONITE 's EBITDA margins have increased since 2009 and would expand further in the future, UBS said in a report.

Product price hikes and expenses in sales and marketing will be the prime factors.

SAMSONITE is kept Buy with target price hiked from $16.4 to $18.


Source: AAStocks Financial News
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Re: Samsonite 1910

Postby winston » Tue Jan 15, 2013 7:08 am

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SAMSONITE (01910.HK) dips nearly 3% on placing by shareholders
2013-01-14

CVC and Royal Bank of Scotland placed a combined 138 million SAMSONITE (01910.HK) shares at $16.2, a discount of 4.9% to the closing price $17.04 of the previous trading day, cashing in $2.23 billion, sources said.

SAMSONITE dipped 2.6% to $16.62 today.


Source: AAStocks Financial News
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Re: Samsonite 1910

Postby winston » Wed Mar 20, 2013 4:43 am

China lifts Samsonite

US luggage maker Samsonite International (1910) reported over 70 percent profit growth last year as sales hit a record, led by the Asian market.

Net profit was US$148.44 million (HK$1.15 billion), up by 71.12 percent.

A final dividend of 2.665 US cents was proposed, up by 25 percent.

Net sales hit US$1.77 billion, driven by 18 percent growth in Asia, its largest market at 38.6 percent of overall revenue.

In 2012, Samsonite added over 700 points of sales in Asia, bringing its total to 6,350 as of year-end. Its global network comprises 45,000 points of sales.

China - the biggest contributor in Asia and the second-largest single country to the firm - contributed US$178 million net sales, up by 23.1 percent.

"We will stick to our expansion plan in the mainland. Sales are expected to increase around 20 percent this year," said chairman Timothy Charles Parker. The firm will add around 200 points of sales in the mainland, including 40 retail stores.

Shares of Samsonite rose 4.55 percent to HK$18.38 yesterday.



http://www.thestandard.com.hk/news_deta ... 30320&fc=4
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Re: Samsonite 1910

Postby winston » Mon Apr 22, 2013 8:15 pm

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Samsonite International said on Monday its net sales increased by 15.6 percent for the first three months of 2013 from a year earlier, with North America seeing the biggest percentage increase in the first quarter.

Source: Reuters
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Re: Samsonite 1910

Postby winston » Wed Apr 23, 2014 7:57 pm

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SAMSONITE (01910.HK) rated Outperform, target lifted to $29 - CS

SAMSONITE (01910.HK) +0.600 (2.469%) Short selling $15.04M; Ratio 16.461% reported an operating revenue growth of 9.6% in the first quarter, coming in line with Credit Suisse's projection (12.3% under constant FX).

As expected, North America sales normalised to 4.5% (constant FX) in the first quarter, in line with the company's 2014 target of mid- to high single-digit growth.

The broker forecast SAMSONITE's 2014 operating revenue growth would reach 15% in 2014 on the back of new releases in Asia and favourable catalysts in Europe.

The broker also believed the market has undervalued the long-term brand value of SAMSONITE. The company was kept Outperform with target price lifted from $27 to $29.

Source: AAStocks Financial News
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Re: Samsonite 1910

Postby winston » Wed Jun 04, 2014 2:50 pm

<Research Report>SAMSONITE (01910.HK) target hiked to $29, rated Overweight - HSBC

HSBC said in a report that SAMSONITE (01910.HK)'a acquisition of Speck will be beneficial to further improvement of the company's product portfolio.

The company expects Speck's EBITDA margin may increase to the same level as other business in the United States.

Moreover, the company planned to use US$1 billion to conduct acquisition, but it actually spent only US$110 million, so there may be other acquisitions as well.

It is expected that the company has operating cash flow of US$300 million, which should be able to handle the 45% distribution.

The Overweight rating was maintained for the stock, with target price lifted from $28.5 to $29.

Source: AAStocks Financial News
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Re: Samsonite 1910

Postby winston » Fri Jun 20, 2014 4:45 am

US$85m deal in bag

Samsonite International (1910) has acquired outdoor backpack brand Gregory Mountain Products from Utah- based Black Diamond for US$85 million (HK$663 million) in cash.

The US-based luggage maker and retailer is seeking to broaden its presence in the outdoor category amid strong growth in backpack sales. Samsonite already owns mid-market backpack brand High Sierra.

Samsonite hopes Gregory, which had revenue of US$34.9 million in 2013, will help it tap the premium segment.

Another new buy was Speck Products, a maker of protective cases for electronic devices, for US$85 million.

Samsonite has also announced an increase in its revolving credit facility from US$300 million to US$500 million as it continues to look for acquisitions.

Samsonite stock fell 1.41 percent to HK$24.4 yesterday.


Source: The Standard HK
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Re: Samsonite 1910

Postby winston » Fri Jun 20, 2014 8:26 am

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A pleasant surprise

Samsonite proposed to acquire Gregory Mountain Products, a technical outdoor backpack brand, for US$85m in cash. This is Samsonite’s third acquisition in 2014 (deal expected to close in late-Jul).

The acquisition itself is not a surprise but it happened earlier than expected. When it acquired Speck on 29 May, management had said that another acquisition this quarter was unlikely.

We believe the acquisition complements Samsonite’s High Sierra line and broadens its presence in the outdoor category.

Samsonite is confident that the acquisition will be earnings accretive in 2015 and we concur.

We keep our forecasts, Add rating and target price of HK$28.50, based on 19-20x CY15 P/E, in line with peers’ average.

A potential catalyst is further margin expansion.


Source: CIMB
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Re: Samsonite 1910

Postby winston » Wed Aug 27, 2014 7:24 pm

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SAMSONITE (01910.HK) 1H net profit rises 13.97%; no div

SAMSONITE (01910.HK) +0.300 (+1.227%) Short selling $6.75M; Ratio 8.273% reported interim fiscal results.

Net sales increased 12.4% yearly to USD1.105 billion.

[b]Net profit jumped 13.97% yearly[/b] to $96.976 million.

EPS was $0.069, and no dividend was declared.


Source: AAStocks Financial News
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Re: Samsonite 1910

Postby winston » Fri Oct 17, 2014 3:57 pm

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<Research Report>SAMSONITE (01910.HK) kept Buy, target lowered to $26 - Deutsche

Deutsche Bank maintained SAMSONITE (01910.HK)'s Buy rating given its leading role in the field of tourism (with strong cash flow) and the multi-brand synergy effect.

Considering that the company intends to use its savings for reinvestment, the adjusted 2015 EBITM is expected to stay flat next year.

The bank cut the 2014-16 earnings forecasts by 3.3%/4.6%/5.1%, with target price lowered from $27.1 to $26.

Source: AAStocks Financial News
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