Jefferies has released a research report stating that Samsonite (01910) plans to complete a dual listing in the United States by 2026, which is believed to help enhance shareholder value. Regarding shareholder returns, the company has completed a $200 million share buyback and anticipates that next year's returns to shareholders will include both dividends and further share repurchases. The firm has raised its target price from HK$22 to HK$23.24 while maintaining a "Buy" rating. Jefferies forecasts that Samsonite will record a net profit of $117 million in the fourth quarter of 2025, a 9% year-on-year decrease, with a profit margin of 18.5%, while sales are expected to grow by 1.4%. It is anticipated that the Asian market will return to positive growth, shifting from a 0.3% decline in the third quarter to a 1.2% increase in the fourth quarter. Samsonite's management previously expressed confidence in the outlook for 2026 during the third-quarter results announcement, citing the current entry into a luggage replacement cycle and significant growth potential from further geographical and channel penetration for non-travel category products.