Citigroup has issued a report stating that despite Samsonite's (01910) fourth-quarter recovery last year exceeding expectations and an upcoming new product replacement cycle, the group's revenue for this year is expected to face uncertainty, and profit margins will remain under pressure due to the impact of Middle East conflicts. Management anticipates that first-quarter revenue will be roughly flat compared with the same period last year and, given macroeconomic uncertainties, has not provided a full-year outlook. The bank has lowered its profit forecasts for the company for 2026 to 2027 by 8.7% to 8.9% and reduced its target price from HK$19.7 to HK$18. The firm's valuation is not considered high following the recent pullback in its share price, warranting a "Buy" rating. The company's planned dual primary listing in the United States is progressing as scheduled, and if successfully completed this year, it could serve as a catalyst for a valuation reassessment.