Company Overview and News

Trump Cancels North Korea Summit, but Impact on Asian Stocks Is Muted—for Now - WSJ

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Stocks in Asia weakened Friday following President Donald Trump’s sudden cancellation of a June summit with North Korean leader Kim Jong Un. Still, investors’ worries about the scrapped meeting were softened by expectations that the two countries could continue their dialogue. South Korea’s Kospi trimmed an early 0.5% loss to fall just 0.1%, while major benchmarks in Hong Kong, mainland China and Japan were all down less than 0.

Shares in luggage maker Samsonite continue to slump despite labelling short seller’s report ‘misleading’

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Hong Kong-listed stock loses more than 11 per cent of its value in first four minutes of trading

Luggage giant Samsonite accused of ‘questionable accounting practises’

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Shares in Hong Kong-listed branded luggage maker Samsonite International plummeted by more than 11 per cent in early trading in Hong Kong on Thursday, after being accused of “questionable accounting practises” and “poor corporate governance”, in a report by newly formed activist short-seller, Blue Orca Capital.

Insiders accumulate shares in AIA Group, while selling seen in Samsonite International

2018-04-08 scmp
The buying surged for the third straight week while the selling among directors remained high based on filings during the three-day trading week from April 3 to 6. Buyers outweighed sellers with 56 companies that recorded 241 purchases worth HK$203 million (US$25.89 million) versus 12 firms with 32 disposals worth HK$50 million

Trump levy is bad news for US shoppers and Chinese suppliers

SHANGHAI: President Donald Trump’s move to slap tariffs on at least $50 billion in Chinese imports is likely to be bad news for many of China’s exporters – as well as Americans who like wearing Victoria’s Secret bras, Guess jeans or Nike sneakers.

US shoppers and Chinese suppliers face hit from Trump levy

2018-03-23 livemint
Shanghai: US President Donald Trump’s move to slap tariffs on at least $50 billion in Chinese imports is likely to be bad news for many of China’s exporters—as well as Americans who like wearing Victoria’s Secret bras, Guess jeans or Nike sneakers.

American Lovers of Lingerie, Luggage May Feel Tariff Pinch - Bloomberg

2018-03-22 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Samsonite eyes handbag brand after US$1.8b Tumi deal

2018-03-19 themalaymailonline
The logo of Tumi is seen in a shop in downtown Rome, March 4, 2018. — Reuters picHONG KONG, March 19 — Samsonite International SA, the world’s biggest luggage maker, has its eyes on adding a handbag brand and is open to a deal that could rival its US$1.8 billion purchase of Tumi, according to Chairman Timothy Charles Parker.

Samsonite International's (SMSOF) CEO Ramesh Tainwala on Q4 2017 Results - Earnings Call Transcript

2018-03-16 seekingalpha
Hello, and welcome to the Samsonite International 2017 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. And please note, this event is being recorded.

Walmart, Nike suppliers put on notice by China tariff threat

2018-03-07 livemint
Sydney/Hong Kong: Some of China’s biggest manufacturers that supply US multinationals from Walmart Inc. to Nike Inc. find themselves in President Donald Trump’s cross hairs as his administration discusses new import tariffs.

Trump’s China levy threat puts Walmart, Nike suppliers on notice

2018-03-07 themalaymailonline
An employee works at a garment factory in Quanzhou county, Guangxi Ethnic Zhuang autonomous region in China July 15, 2013. — Reuters picWASHINGTON, March 7 — President Donald Trump’s latest threat to impose tariffs on a range of imports from China risks ensnaring some of the country’s most successful manufacturers that supply US multinationals from Walmart Inc to Nike Inc.

Kerry Properties’ executive directors sell down shareholdings

2018-01-14 scmp
The buying fell for the first time in the past five weeks while the selling among directors surged for the second straight week based on filings on the Hong Kong stock exchange from January 8 to 12. A total of 47 companies recorded 200 purchases worth HK$129 million (US$16.5 million) versus 28 firms with 117 disposals worth HK$328 million. The buy figures were down from the previous week’s four-day total of 48 companies, 207 purchases and HK$173 million.

Samsonite to refit stores to make them more inviting to women, appealing to half of humanity

2017-12-10 scmp
Women travellers could account for 25 per cent of total sales by 2021, and up to 50 per cent in the next 10 to 15 years, Samsonite’s CEO said.

China’s quest for clean air is shaking up industry and inflation

2017-11-20 livemint
Beijing/Shanghai: The great Chinese environmental cleanup, now in full swing, is shifting the corporate landscape in unexpected ways and even stoking inflationary pressure that may soon be felt in supply chains worldwide.

How China’s pollution clean-up is driving up prices for shoppers

2017-11-20 scmp
Cost of meeting environmental regulations is increasing companies’ costs and leading some firms to consider moving production abroad, according to analysts

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