HK cosmetics chain Sa Sa hits 3-year high on robust earnings outlook
BUZZ-HK cosmetics chain Sa Sa hits 3-year high on robust earnings outlook ** Shares of Hong Kong-based Sa Sa International 0178.HK climb 3.4% to HK$1.21, their highest level since August 2023
** Stock on track for biggest one-day pct gain since September 17 in the eighth straight rising session
** The skincare and cosmetics chain operator expects profit attributable of more than HK$150 million ($19.12 million) for six months ending in September, as compared to the profit attributable of HK$50.2 million in a year ago period
** Expected profit rise is due to significant increase in same-store sales, number of transactions, average sales per transaction and number of items per transaction in Hong Kong and Macao, while B2C online sales and profitability also grew rapidly - Co
** YTD, stock up 98.9%, while benchmark Hang Seng Index .HSI down 1.91%
($1 = 7.8440 Hong Kong dollars)
(Reporting by Donny Kwok)
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