UBS: Samsonite (01910.HK) income is regaining momentum, upgraded to "buy" rating.

Zhixin Finance APP learned that UBS released a research report stating that Samsonite (01910.HK) is regaining momentum in its revenue, with the impact of US tariffs seeming to be milder than expected. At the same time, the company has various levers to mitigate the impact of tariffs. The bank expects the company's adjusted EBITDA to resume growth next year, rising by 8% year-on-year, benefiting from a 5% increase in revenue and operating leverage. Improved operational performance should also enhance visibility for a secondary listing in the US, potentially driving a reevaluation of the P/E ratio. With an expanding investor base, Samsonite's valuation is expected to approach global industry levels in the medium to long term. The bank has raised its target price for Samsonite from 17.4 Hong Kong dollars to 24.1 Hong Kong dollars, and upgraded its rating from "neutral" to "buy".