Macquarie: Maintains "outperform" rating on Tumi with a target price of HK$29.

Magellan has released a research report on Samsonite, maintaining an "outperform" rating with a target price of HK$29. Samsonite has announced details of its planned dual listing in the United States, expected to take the form of American Depositary Receipts. The net proceeds will be used for operational funding and general corporate purposes, including operating and capital expenses, debt repayment, and funding potential acquisitions.