Sa Sa Intl (178 HK): Steady Recovery, but Biased by High Base

546 Views15 Apr 2024 08:00
​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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Osbert Tang, CFA
HK/China Equity Long-Short
Hong Kong & ChinaIndustrials & UtilitiesEquity Bottom-UpThematic (Sector/Industry)
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