newonlinecasinonodepositbonus| Big Bank Rating| Bank of America: Lowering Samsonite target price to HK$35 and reiterating "Buy" rating

Bank of America Securities issued a report stating thatnewonlinecasinonodepositbonus, Samsonite's first-quarter revenue and adjusted EBITDA increased year-on-year by 1% and 3% respectivelynewonlinecasinonodepositbonus, lower than expected, mainly due to the high base in the first quarter of last year and the impact of unfavorable foreign exchange changes. The company lowered its full-year sales growth guidance from the original forecast of 10% to 12% to a high single digit. The bank lowered Samsonite's earnings per share forecasts for this year and next by 5% and lowered its target price from HK$36 to HK$35. It expects the company to re-establish good growth momentum starting from the next quarter, mainly due to increased advertising efforts, China/Japan-led Asian market growth, and the number of tourists to Europe during the summer. It is also estimated that the company's growth this year may be concentrated in the second half of the year, and reiterated its "buy" rating.

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