HK-listed cosmetic chain Sa Sa hits 4-week peak on strong earnings

Elia SA

20/06/2024 07:06

** Shares of cosmetic and skincare products chain operator
Sa Sa International Holdings  0178.HK  jump 10.5% to HK$0.84,
their highest since May 21, and on track for a third consecutive
session of gain
    ** Stock on course for biggest one-day pct rise since Feb.
22, if trend holds
    ** Sa Sa says net profit for fiscal year ended in March
jumped to HK$218.9 mln ($28.05 mln) from HK$58.2 mln in the
previous year, with turnover up 24.8% to HK$4.37 bln, as
mainland tourists returned on reopening of boundaries with China
    ** Co says Q1 turnover for April 1 to June 16 period down
9.5% YoY to HK$812.5 mln and its recovery has been interrupted
as local residents continued to travel to Southern China during
weekends and to Korea, Japan and Europe for longer holidays
    ** The Hang Seng Consumption Index  .HSCGSI  drops 2.3%, the
Hang Seng Composite Index  .HSCI  falls 0.8% and the Hang Seng
Index  .HSI  eases 0.7%
    ** Stock down 21.8% YTD  
    
($1 = 7.8053 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))