HK Stock Market Move | SAMSONITE (01910) falls more than 5%, 2024 financial report disclosure imminent, overseas tariff policies fluctuating.

SAMSONITE (01910) fell by over 5% during trading, reaching a decrease of 4.44% at the time of this report, closing at HK$19.78 with a trading volume of HK$131 million. On the news front, SAMSONITE will hold a board meeting today to consider and approve the full-year performance of the company and its subsidiaries for the year ending December 31, 2024, as well as a proposal to pay cash dividends to shareholders. HSBC research report suggests that SAMSONITE's sales are expected to turn around in the fourth quarter of last year, with a 1% growth compared to a 7% decrease in the third quarter according to fixed exchange rates. In addition, there have been fluctuations in overseas tariff policies. UBS believes that SAMSONITE has been restructuring its supply chain since 2018, with less than 10% of its U.S. sales coming from imports from China. They are forecasting a 6% increase in sales by 2025 and an improvement in profit margins, leading to a 9% growth in full-year adjusted net profit.