** Shares of Samsonite Group SA 1910.HK jump as much as 25.7% to HK$20.96, their highest level since March 11

** Stock on course for the biggest one-day rise on record, if gains hold; second-biggest gainer on the Hong Kong bourse in early trade

** The travel luggage maker said its third-quarter net profit rose 11% y/y to $73.5 mln, while net sales slipped 0.6% y/y at $872.7 mln

** That compared to a 39.1% drop in net profit and an 8.3% decline in sales a year earlier

** Jefferies upgrades the stock to "Buy" from "Hold" and raises target price to HK$22, from HK$14.62, amid a more positive outlook from 4Q25 and the management also expects 4Q25 sales to improve versus 3Q25

** "We turn more positive on the company's sales outlook, with recovery in Asia and Europe," Jefferies said, adding Samsonite intends to complete its dual listing in the U.S. in 2026

** YTD, stock down 8.1%, while benchmark Hang Seng Index .HSI up 34%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))