Samsonite's Shares Appear Cheap; Valuation Depressed by Hong Kong Listing -- Market Talk

Dow Jones

05/15

0609 GMT - Samsonite's shares appear cheap to Morningstar's Ivan Su, who notes the stock trades at nine times the company's projected 2026 earnings. The depressed valuation largely reflects Samsonite's Hong Kong listing, Su says in a note, as the listing sits uneasily with a business that generates most of its revenue outside China and is therefore a mismatch with its investor base. Its U.S. secondary listing targeted for this year could help to narrow the Luxembourg-based luggage company's valuation gap against U.S. peers such as VF, the analyst says. He anticipates Samsonite's multiple could rerate towards 15 times its earnings. Morningstar retains its 24.00 Hong Kong dollars fair-value estimate. Shares are up 2.6% at HK$14.40.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 15, 2026 02:09 ET (06:09 GMT)

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The depressed valuation largely reflects Samsonite's Hong Kong listing, Su says in a note, as the listing sits uneasily with a business that generates most of its revenue outside China and is therefore a mismatch with its investor base. Its U.S. secondary listing targeted for this year could help to narrow the Luxembourg-based luggage company's valuation gap against U.S. peers such as VF, the analyst says. He anticipates Samsonite's multiple could rerate towards 15 times its earnings. Morningstar retains its 24.00 Hong Kong dollars fair-value estimate. Shares are up 2.6% at HK$14.40.(megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 15, 2026 02:09 ET (06:09 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Samsonite's Shares Appear Cheap; Valuation Depressed by Hong Kong Listing -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSamsonite's Shares Appear Cheap; Valuation Depressed by Hong Kong Listing -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-15 14:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0609 GMT - Samsonite's shares appear cheap to Morningstar's Ivan Su, who notes the stock trades at nine times the company's projected 2026 earnings. The depressed valuation largely reflects Samsonite's Hong Kong listing, Su says in a note, as the listing sits uneasily with a business that generates most of its revenue outside China and is therefore a mismatch with its investor base. Its U.S. secondary listing targeted for this year could help to narrow the Luxembourg-based luggage company's valuation gap against U.S. peers such as VF, the analyst says. He anticipates Samsonite's multiple could rerate towards 15 times its earnings. Morningstar retains its 24.00 Hong Kong dollars fair-value estimate. Shares are up 2.6% at HK$14.40.(megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 15, 2026 02:09 ET (06:09 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1227","symbol_name":"服装、服饰与奢侈品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2635777065","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635777065","pubTimestamp":1778825340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0609 GMT - Samsonite's shares appear cheap to Morningstar's Ivan Su, who notes the stock trades at nine times the company's projected 2026 earnings. The depressed valuation largely reflects Samsonite's Hong Kong listing, Su says in a note, as the listing sits uneasily with a business that generates most of its revenue outside China and is therefore a mismatch with its investor base. Its U.S. secondary listing targeted for this year could help to narrow the Luxembourg-based luggage company's valuation gap against U.S. peers such as VF, the analyst says. He anticipates Samsonite's multiple could rerate towards 15 times its earnings. Morningstar retains its 24.00 Hong Kong dollars fair-value estimate. 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The depressed valuation largely reflects Samsonite's Hong Kong listing, Su says in a note, as the listing sits uneasily with a business that generates most of its revenue outside China and is therefore a mismatch with its investor base. Its U.S. secondary listing targeted for this year could help to narrow the Luxembourg-based luggage company's valuation gap against U.S. peers such as VF, the analyst says. He anticipates Samsonite's multiple could rerate towards 15 times its earnings. Morningstar retains its 24.00 Hong Kong dollars fair-value estimate. Shares are up 2.6% at HK$14.40.(megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 15, 2026 02:09 ET (06:09 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}