SAMSONITE (01910) rose nearly 3%, and as of the time of writing, it was up 2.31% to HKD 21.28, with a turnover of HKD 48.9031 million. An HSBC research report indicated that SAMSONITE's sales trends are continuing to improve after facing challenges in 2025, with normalized growth expected to resume in 2026. While the impact of U.S. tariffs has largely dissipated, potential reinvestments could exert pressure on profit margins. HSBC believes the company's planned dual listing in the United States in 2026 will serve as a significant positive catalyst. Jefferies anticipates that SAMSONITE will report a net profit of USD 117 million for the fourth quarter of 2025, a 9% year-on-year decrease, with a profit margin of 18.5% and sales growth of 1.4% (or 0.4% in local currency terms). The firm noted that when SAMSONITE announces its full-year 2025 results around mid-March 2026, investors will focus on three key areas: management's outlook for 2026 sales and profit margins, the timeline for the U.S. listing, and the timing and scale of any share repurchases.