HK's Sa Sa hits 3-month low; says sales slow in June on trade war concern
17/07/2018 03:54
** Cosmetic chain operator Sa Sa International Holdings Ltd
0178.HK falls as much as 9.1 pct to HK$4.10, lowest since
April 3
** Co says sales growth was in line with expectation in
April and May, but slowed down in June with consumer sentiment
hit by unfavourable weather, stock market and Chinese yuan
fluctuations amid uncertainties about Sino-U.S. trade war
urn:newsml:reuters.com:*:nFWN1UC06P
** Jefferies maintains "hold" on Sa Sa on concerns over
potential negative impact from Chinese yuan depreciation
** About 10.7 mln shares of the Hong Kong-based retailer
have changed hands as of 0227 GMT, compared with the 30-day
moving average of 8.92 mln shares a day
** Of the 11 analysts covering Sa Sa, the current average
rating is "buy"; the breakdown of recommendations is 7 "strong
buy" or "buy" and four "hold". Analyst mean price target HK$5.61
- Thomson Reuters Eikon
** Stock down for a fifth straight session
** Smaller rival Bonjour Holdings 0653.HK slides 4.5 pct
** Hong Kong benchmark index .HSI down 1.1 pct
(RM: donny.kwok.thomsonreuters.com@reuters.net)