Sa Sa Intl (178 HK): A Slow Recovery But......

422 Views12 Jan 2024 08:00
​Sa Sa's sales have recovered to 49% of FY19 level, slower than expected but still improving. Stronger Rmb, more attractions in Hong Kong, and new stores will drive growth. The stock is undervalued.
Boomeranged on Thu, 22 Feb 2024 09:48
With more cities in mainland China to be opened for individual travels to Hong Kong and the relaxation of the travel permits of mainland visitors, Sa Sa is expected to benefit from the increase in mainland tourist inflow. This is supportive of its earnings recovery as the company is taking action to expand its network. Sa Sa has reacted positively today with a 10% surge in share price so far.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 3-minute read)
Discussions
(Paid Plans Only)
chart-bar
Logo
Rising
Osbert Tang, CFA
HK/China Equity Long-Short
Hong Kong & ChinaIndustrials & UtilitiesEquity Bottom-UpThematic (Sector/Industry)
Price Chart(Sign Up to Access)
analytics-chart
x