HK-listed cosmetic chain Sa Sa climbs most in 2 months on strong Q3 sales

Wharf Real Estate Investment

11/01/2024 06:34

** Shares of cosmetic chain operator Sa Sa International
Holdings Ltd  0178.HK  climb 3.3% to HK$0.94, on course for
biggest one-day pct rise since Nov. 15 if gains hold
    ** Stock on track to snap three straight sessions of losses
    ** Co said its turnover for quarter ended in December
increased 36.7% YoY to HK$1.18 bln ($151.23 mln), with sales in
Hong Kong and Macau jumping 39.4% and China sales up 49.3%
    ** Retail-related stocks also rose on hopes of better
consumption sentiment after SCMP reported, citing a Hong Kong
lawmaker, that Hong Kong and China are in talks to bring back
multiple-entry visas before Lunar New Year holiday
    ** This would allow visitors from across the border more
than the current single trip per week 
    ** Jewellery retailer Chow Tai Fook  1929.HK  climbs 2%,
shopping mall operators Whard REIC  1997.HK  and Swire
Properties  1972.HK  rise 3.6% and 2.7%, respectively
    ** Hang Seng Consumption Index  .HSCGSI  adds 1%, Hang Seng
Composite Index  .HSCI  climbs 2% and Hang Seng Index  .HSI 
rises 2.2%



($1 = 7.8174 Hong Kong dollars)

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