Sa Sa's 4Q FY24 sales dipped 4.1% YoY, but mainland China sales were up 18.2%. Positive factors include more mainland cities in individual visit scheme, Hong Kong tourism promotion, and weaker USD.
What is covered in the Full Insight:
4Q FY24 Sales Overview
Sales in Mainland China
Hong Kong & Macau Market
FY24 Result
Future Outlook
Boomeranged on Mon, 13 May 2024 09:45
Eight more cities in China will be added to the individual visit scheme to Hong Kong starting on 27 May. They are Taiyuan, Hohhot, Harbin, Lhasa, Lanzhou, Xining, Yichuan, and Urumqi. They are all provincial capitals with rising purchasing power. This should benefit Sa Sa Intl. The announcement follows - https://www.nia.gov.cn/n897453/c1650439/content.html.
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