HK-listed Samsonite set for best day in 2 months as quarterly sales improve

Samsonite SA

14/05/2021 04:58

** Shares of luggage maker Samsonite International SA
 1910.HK  rise as much as 6.9% to HK$13.72, the highest since
May 6
    ** Stock on course for best session since March 18
    ** Co said its net sales performance continued to improve in
Q1 of 2021, with the drop in net sales narrowing to 42.4%
excluding foreign currency effects, from a decline of 58.1% in
Q4 and 64.7% in Q3  urn:newsml:reuters.com:*:nASA026H1  
    ** Brokerage Nomura maintains "buy" on the stock, citing
that the co is well-positioned for earnings rebound
    ** The Hong Kong Hang Seng consumer goods and services index
 .HSCGSI  rises 1.03%, and the benchmark index  .HSI  climbs
0.9%
    ** As of last close, stock down 6.6% this year

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)