SAMSONITE Rallies ~3% as UBS, HSBC Research Reiterate Buy Rating
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SAMSONITEshares rose approximately 3% after UBS and HSBC reiterated their Buy ratings. UBS reported a 15% YoY decline in 1Q26 adjusted EBITDA to USD109 million, below expectations, but forecasted low single-digit revenue growth for FY2026. HSBC noted 1Q26 sales were in line but EBITDA fell 11% short of forecasts, expecting sales to improve in 2H26. Both brokers adjusted their target prices, with UBS lowering it to HKD20.6 and HSBC to HKD19, while maintaining Buy ratings amid ongoing travel disruptions due to Middle East conflicts.
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