HK-listed cosmetic chain Sa Sa jumps on robust earnings estimates

Elia SA

13/10/2023 03:14

** Shares of cosmetic chain operator Sa Sa International
Holdings Ltd  0178.HK  jump 8.4% to HK$1.16, highest since Sept
18, in their fourth session of gains
    ** Stock marks the biggest one-day rise since Dec. 13, 2022
if trend holds
    ** Co expects to post HK$100-115 mln ($12.78-$14.70 mln) net
profit for six months ended in September, as compared to HK$133
mln loss a year ago, as business in core Hong Kong and Macau
markets grow on return of tourism
    ** Co says July-Sept quarter turnover jumped 46.2% YoY to
HK$1.097 bln with same store sales in Hong Kong and Macau up
61.6% YoY while in mainland China down 10.8% YoY 
    ** Hang Seng Consumption Index  .HSCGSI  falls 1.7% and Hang
Seng Index  .HSI  declines 1.6%
    ** Stock down 36.8% YTD


($1 = 7.8225 Hong Kong dollars)

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