HK cosmetics chain Sa Sa hits over 3-year peak as quarterly turnover jumps
BUZZ-HK cosmetics chain Sa Sa hits over 3-year peak as quarterly turnover jumps ** Shares of Hong Kong-based Sa Sa International 0178.HK jump 8.3% to HK$1.3, their highest level since August 2023
** Stock on track for biggest one-day gain since June 25 in the second rising session
** The skincare and cosmetics chain operator posts 37.2% y/y rise in Q2 total turnover to HK$1.41 billion ($179.69 million)for the July-September quarter
** Sa Sa says its offline sales in Hong Kong and Macao up more than 60% y/y during the National Day Golden Week holiday from October 1 to 7, with same-store sales up over 50% y/y and total number of transactions recording significant y/y increases
** YTD, stock up 117.6%, while benchmark Hang Seng Index .HSI down 6.1%
($1 = 7.8470 Hong Kong dollars)
(Reporting by Donny Kwok)
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