Samsonite Corporation is a famous luggage manufacturer with a large range of product including suitcases, toiletries bag and briefcases. Most of their luggage are manufactured in India (40%) but the company is based in Denver. Due to a $1.25 billion IPO in June 2011, the stock is now trading on the Hang Seng, the Hongkongese index.

The company turnover growth is expected at 1.8 billion dollars after 1.6 in 2011. Net result should make a dramatic increase at 166 million dollars, representing twice than 2011. Earnings per share will logically follow the same upward movement at 0.12 USD after 0.06 in 2011.

The stock is trading at relatively low price at 15.7 the estimates for 2012. A short decline is observed since the contact with HKD 16.05 resistance. This movement could be stopped by 50-days moving average around HKD 14.6 and a rebound could be engaged to HKD 16.05.

Investors could take a buying position on Samsonite stock at current price to enjoy last decline. The target will be fixed at HKD 16.05 and a stop loss will be engaged at HKD 13.9.