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Jefferies Adjusts Sa Sa International Holdings' Price Target to HK$0.71 From HK$0.92, Keeps at Hold
Sa Sa International Posts Lower H1 Profit; Declares Dividend
sa sa int'l (00178) total revenue for the period from October 1 to November 10 fell by 7% year-on-year.
sa sa int'l (00178) announced that from October 1, 2024 to November 10 ...
sa sa int'l (00178.HK) had a revenue of over 1.9 billion HK dollars in the first half of the financial year, with a significant increase in online sales by 32.6%, and plans to declare an interim dividend of 0.75 HK cents per share.
On November 14, Ge Long Hui reported that sa sa int'l (00178.HK) announced that for the six months ending September 30, 2024, the group's revenue was 1.9205 billion Hong Kong dollars, a decline of 10.4% compared to the same period last year, primarily due to challenges in the group's core markets of Hong Kong and Macau. Operational pressures mainly stem from (i) a weak macro market, (ii) local residents of core markets Hong Kong and Macau continuing to travel north to southern China, (iii) a significant increase in outbound tourism, partly due to the strength of the Hong Kong dollar against a basket of other currencies (including the yen), which has reduced local consumer spending, and
Express News | SA SA International - Resolved to Declare Interim Dividend of 0.75 HK Cents per Share
Express News | SA SA International Holdings H1 Gross Profit HKD 756.5 Million
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