Yamato: Lowering the target price of Sasa International (01910.HK) to HK$15. Rating revised to "Hold."

According to the Zhtng Finance app, Daiwa released a research report stating that Samsonite (01910.HK) revenue in the first quarter was at the lower end of guidance, down 4.5% year-on-year, and adjusted net profit was 25% lower than expected. The bank lowered the group's earnings per share forecast for the next two years by 20-26% and downgraded the group's rating from "buy" to "hold", with a target price reduced from 25 Hong Kong dollars to 15 Hong Kong dollars.