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SAMSONITE (01910.HK) Craters 10%; Interim NP Grows 8%, US Selected as Dual Listing Destination
Recommend 3 Positive 3 Negative 7 |
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SAMSONITE (01910.HK) opened 5.91% lower today (15 Aug) and the descent intensified to a low of HK$18.46, a low of over 1.5 years since November 2022. It trades now at HK$19.02, crashing 10.07%, with a volume of 4.8322 million shares, involving HK$91.9823 million. SAMSONITE announced that its interim net profit grew 7.7% to US$164 million. No dividend was declared. SAMSONITE also noted that the board and the company believed the United States is the appropriate venue to establish a dual listing following a thorough evaluation of the company’s global footprint, growth drivers, and strategic priorities. A dual listing in the US will build on the company’s strong investor support on the Stock Exchange of Hong Kong (SEHK) to enhance value creation over time, by improving the liquidity of the company's shares and making them more accessible to shareholders in the US and globally. AAStocks Financial News |
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