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Tse Sui Luen Jewellery (International) Expects H1 Loss to Shrink; Shares Slide 7%
TSE SUI LUEN: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
PwC predicts that china's luxury goods market will leap to the top of the global ranking by 2030.
PwC predicts that by 2030, China will become the world's largest individual luxury goods market with a market size of $148 billion. Intergenerational wealth transfer, new customer development, the rise of experiential luxury goods, hainan's high growth potential, and the improvement of online and offline services will all drive this growth.
Tse Sui Luen (00417.HK) plans to hold a Board of Directors meeting on November 14 to approve the interim performance.
Glengarry November 4th, tse sui luen (00417.HK) announced that the board of directors meeting will be held on November 14, 2024 (Thursday), to consider and approve the unaudited interim performance of the company and its subsidiaries for the six months ended September 30, 2024, and consider the distribution of interim dividends (if applicable).
Tse Sui Luen [00417] is now trading at 0.74 Hong Kong dollars, a decrease of 10.84%.
As of 11:27, Tse Sui Luen [00417] reported HK$0.74, down by HK$0.09 or 10.84% compared to the previous closing price of HK$0.83. The turnover is HK$0.0074 million, with today's highest price at HK$0.74 and the lowest price at HK$0.74. Based on the closing price of yesterday, the 10-day average price is HK$0.82, and the 50-day average price is HK$0.83. The current PE ratio is -0.55 times, and the 14-day strength index is 54.69.
A difficult Q2 report card for luxury goods: zero revenue growth, price increases and promotions together, with Hermès "holding up the roof".
Bank of America Merrill Lynch stated that the second-quarter weighted average income of the luxury goods industry recorded zero growth, the lowest in fifteen quarters, and also showed trends such as brand polarization, negative growth in hard luxury income, and deteriorating demand in the USA.
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