Citi: Raises the target price for New Oriental (01910.HK) to HKD 16.3, maintains "Buy" rating.

According to the Zhitong Finance APP, Citigroup has released a research report stating that Samsonite (01910.HK) had adjusted net profits in the second quarter that exceeded expectations; adjusted EBITDA fell by 4% year-on-year to $137 million; the adjusted EBITDA margin was 16.1%, which would be 14.1% if excluding the U.S. tariff refunds, compared to 13.1% in the first quarter and 16.3% in the same period last year. Revenue, however, fell short of expectations, decreasing by 1.7% year-on-year at constant exchange rates to $852 million. The target price has been slightly raised from HKD 16 to HKD 16.3, maintaining a "Buy" rating.