HK beauty products chain Sa Sa near 7-week low after loss forecast

Sa Sa International Holdings

11/05/2021 05:39

** Shares of skincare and beauty products chain operator Sa
Sa International Holdings Ltd  0178.HK  fall as much as 5% to
HK$1.71, their lowest since March 25
    ** Stock last down 2.8%, on track for the worst day since
March 24 and a fourth consecutive session of decline
    ** Retailer expects to post up to HK$340 mln ($43.78 mln)
loss for the year ended in March, excluding impairment losses on
right-of-use assets and property, plant and equipment
 urn:newsml:reuters.com:*:nFWN2MX0BP
    ** Co had posted HK$205 mln loss in the previous year
    ** Says it has sufficient cash on hand to meet current
business needs 
    ** The Hong Kong Hang Seng consumer goods and services index
 .HSCGSI  falls 1.9%, and the benchmark index  .HSI  drops 2.2% 
    ** As of last close, the stock had surged 48.8% this year
($1 = 7.7660 Hong Kong dollars)

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