Daiwa: Lowers New Oriental Beauty (01910.HK) target price to 21 Hong Kong dollars due to drag from high oil prices

According to the Securities Times app, Morgan Stanley issued a research report stating that the sustained high oil prices pose a major pressure on Samsonite International (01910.HK), affecting aviation and tourism demand as well as consumer purchasing power. It is expected that the company's sales growth this year will be moderate, and profit margins will also be under pressure, but it is believed that the company's efforts to promote the Tumi brand and market expansion will gradually be effective. The bank has lowered Samsonite International's target price from HK$26 to HK$21.