HK Stock Market Move | SAMSONITE (01910) rose nearly 5% in early trading. The company has repurchased about 1.2 billion Hong Kong dollars so far this year. Credit Suisse predicts that a turning point in the company's fundamentals is imminent.

SAMSONITE (01910) rose nearly 5% in early trading, and as of the time of writing, it was up 4.1%, trading at 21.6 Hong Kong dollars with a turnover of 53.0582 million Hong Kong dollars. On the news front, SAMSONITE announced that from December 16 to 20, the company repurchased approximately 3.74 million shares, accounting for 0.26% of the total share capital, with a repurchase amount of approximately 78.51 million Hong Kong dollars. According to statistics, SAMSONITE has repurchased approximately 60.37 million shares since the beginning of the year, accounting for 4.13% of the total share capital, with a repurchase amount of approximately 1.176 billion Hong Kong dollars. Lyon recently released a research report stating that after experiencing a weak performance in the third quarter of 2024 and a strong short-term data, SAMSONITE's performance has bottomed out, and they see a turning point in the fundamentals coming soon, with increasing shareholder returns and the catalyst of the dual listing leading to revaluation, believing that its risk-return profile is attractive. The firm has raised its target price from 22 Hong Kong dollars to 30 Hong Kong dollars, rating it as "highly certain outperforming the market", and the company is one of their top picks in the 2025 outlook.