Lyon: Cuts New World Development (01910.HK) target price to 21 Hong Kong dollars, maintains "highly confident outperforming the market" rating.

According to the financial app, Wise News, a research report released by Lyon stated that they have lowered the target price of Samsonite (01910.HK) from 22 Hong Kong dollars to 21 Hong Kong dollars. Based on a constant future 12-month price-earnings ratio of 13 times, it is forecasted that the compound annual growth rate of net profit from 2025 to 2027 will be 13.6%. The bank maintains its "highly confident outperform the market" rating for Samsonite, citing its relatively low valuation, potential for continuous improvement, and dual listing opportunities.