Luggage maker Samsonite jumps most in over 4 weeks on upbeat results

Samsonite SA

13/05/2022 04:19

** Shares of Samsonite International SA  1910.HK  jump as
much as 7.1% to HK$16.62, the biggest daily percentage increase
since April 14, if gains hold
    ** The luggage maker posts a $16.4 mln profit for three
months period ended in March, as compared to $72.7 mln loss the
same period a year ago, with net sales rising 61.7% year-on-year
to $573.6 mln  urn:newsml:reuters.com:*:nFWN2X41GB
    ** Jefferies maintains "buy" rating on the stock saying 2Q22
outlook on track to recovery
    ** Nomura maintains "buy" rating on expecting positive
momentum to continue
    ** The Hang Seng Commerce & Industry Index  .HSNC  jumps
2.1%, while the Hang Seng consumer goods and services index
 .HSCGSI  climbs 1.1%
    ** The Hang Seng Composite Index  .HSCI  and the benchmark
Hang Seng Index  .HSI  both rise 1.6% each

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