HK's Sa Sa falls most in nearly 3 months on results, outlook

Sa Sa International Holdings

16/06/2021 07:23

** Shares of beauty products retailer Sa Sa International
Holdings Ltd  0178.HK  fall 4.9% to HK$1.95, the biggest
intraday percentage decline since March 24
    ** Stock hits the lowest since June 8, on course to snap two
straight session of gains
    ** Co says its annual revenue plunged 46.8% year-on-year to
HK$3.04 bln ($391.7 mln) for year ended in March, while net loss
narrowed to HK$351.4 mln from HK$515.9 mln loss a year ago
 urn:newsml:reuters.com:*:nFWN2NX1EC
    ** Says Hong Kong market will continue to face great
uncertainties amid pandemic and high rental costs, while Macau
and China market will improve with increasing profitability 
    ** Co says it will exercise stringent cost control and
strives to establish a leaner cost structure in the long term 
    ** The Hong Kong Hang Seng consumer goods and services index
 .HSCGSI  falls 1.6%, and the benchmark index  .HSI  slips 0.4%
    ** As of last close, the stock had surged 69.4% this year

($1 = 7.7616 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)