The Zhitong Finance App learned that Samsonite (01910) fell nearly 4%. As of press release, it was down 3.96% to HK$26.7, with a turnover of HK$215 million.
According to the news, according to the latest news, private equity companies' interest in Samsonite's acquisition is waning after evaluating that the purchase price is too high. The report quoted people familiar with the matter as saying that the initial intention of the private equity fund did not match Samsonite's valuation expectations. Although potential buyers may restart work on privatization deals, such plans have currently been put on hold. Samsonite announced last month that the board of directors has authorized management to seek the listing of the company's shares on the second major stock exchange other than the Hong Kong Stock Exchange.
According to a report published by UBS, Samsonite will announce the previous quarter's results on May 14. Organic sales (organic sales) are expected to increase by 5% year-on-year in the first quarter based on a fixed exchange rate. The slowdown in growth is in line with the company's guidelines. Net sales are expected to increase by about 4% during the period. The adjusted EBITDA forecast is $166 million, up 6% year over year but down 8% from quarter to quarter. The bank slightly lowered its target price from HK$35 to HK$34.5 to reflect lower profit expectations.