HK-listed luggage maker Samsonite jumps most in over 9 mths as H1 loss narrows

Samsonite SA

19/08/2021 03:28

** Shares of Samsonite International SA  1910.HK  jump 12.2%
to HK$16.60, biggest daily pct gain since Nov. 10 
    ** Stock hits highest since June 29 on its second session of
gains; the sixth biggest percentage gainer on the Hong Kong
bourse
    ** The luggage maker said its first-half net loss narrowed
to $142.5 mln from $974 mln loss a year ago period with net
sales decreasing 0.4% to $799.5 mln  urn:newsml:reuters.com:*:nFWN2PP0ET
    ** Says its net sales continued to recover going into the
third quarter of 2021 with July net sales up 93.9% year-on-year 
 
    ** Brokerage Nomura maintains "buy" rating on the stock
saying the H1 results is solid and recovery is well on track 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slips 0.9% and the Hang Seng consumer goods and services index
 .HSCGSI  eases 0.2%
    ** The benchmark Hang Seng Index  .HSI  falls 1.3%
    ** As of last close, the stock had risen 7.7% this year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))