HK Stock Market Move | SAMSONITE (01910) fell over 3%, with interim net profit down 23.1% year-on-year, and sales revenue decreased by 0.7% at constant exchange rates.

SAMSONITE (01910) fell over 3%, and as of the time of writing, it had dropped by 3.44% to HKD 13.46, with a transaction volume of HKD 13.4096 million. In terms of news, SAMSONITE announced its mid-term results for 2026, reporting a net sales amount of USD 1.6806 billion for the first half of the year, an increase of 1.1% year-on-year, but a decrease of 0.7% on a constant currency basis; profit attributable to equity holders was USD 90.9 million, down 23.1% year-on-year; operating profit was USD 206.9 million, a decrease of 13.2%; adjusted EBITDA was USD 246 million, down 8.5% year-on-year. The announcement indicated that the sales growth rate on a constant currency basis for the third quarter of 2026 is expected to remain stable and within a range similar to that of the second quarter of 2026. Citigroup believes that SAMSONITE's management is expecting the net sales growth on a constant currency basis for the third quarter to be similar to that of the second quarter, falling short of market expectations. Amid weak consumer confidence and slowing global travel demand, revenue and profit margins may continue to be under pressure in the second half of the year. Additionally, the company still intends to complete its dual listing in the U.S. this year when conditions improve, which is seen as a potential catalyst for re-evaluating its valuation.