By Megan Cheah
Shares of Samsonite Group jumped to an eight-month high after the luggage maker reported stronger quarterly net profit and signaled it could end the year on a positive note.
The Hong Kong-listed stock climbed as much as 26% to 20.96 Hong Kong dollars, equivalent to US$2.70, before paring gains. It was recently 22% higher, on track for its best daily percentage gain in more than three-and-a-half years.
Samsonite's net profit for the third quarter rose 11% to US$73.5 million, the company said Wednesday evening. The result met analysts' estimates despite fears that U.S. tariffs and weak consumer sentiment would weigh on earnings.
The luggage maker appears confident heading into the final quarter of the year, as its sales momentum toward the end of the third quarter carried into October, DBS Group Research analyst Mavis Hui said.
Samsonite seems to be entering a favorable luggage replacement cycle, while a low base effect in 2026 should boost its growth trajectory, she said in a commentary. "We expect the company to stage a sound earnings revival...over the next 12 months."
Analysts at Citi said that solid global travel demand and new product launches will likely support the company's projection of a sequentially better fourth quarter.
Preparations for a potential dual listing in the U.S., where the luggage manufacturer was founded, are also under way, analysts led by Lydia Ling wrote in a note. "It intends to complete [the dual listing] in 2026 assuming a constructive environment, which could be a rerating catalyst," they said.
Both DBS and Citi maintained their buy ratings on Samsonite, with target prices of HK$21.43 and HK$19.70 respectively.
Write to Megan Cheah at megan.cheah@wsj.com
(END) Dow Jones Newswires
November 12, 2025 21:59 ET (02:59 GMT)
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