Express News | Li Jiachao: Will seek to open up more “individual tourist” cities to Hong Kong
Analysts Conflicted on These Consumer Cyclical Names: Koninklijke Ahold Delhaize N.V. (GB:0RI8), Sa Sa International Holdings Limited (HK:0178) and Adidas AG (GB:0OLD)
Bank Ratings | Jefferies: Target price of HK$2 for Sa Sha Sa International FY2024 sales are in line with expectations
Glonghui, April 16 | Jeffrey said that Sa Sa Sa International's sales for the 2024 fiscal year are in line with this forecast. Hong Kong sales fell 6% below expectations, but were offset by better performance in other markets. Jefferies believes that part of Hong Kong's fourth quarter results fell short of expectations because the base for the same period last year was higher and the normalization after Covid-19 was earlier than expected. Furthermore, changes in the consumption patterns of Hong Kong residents have also played a role. Overall sales of Sa Sa Sa International fell 4% to HK$1 billion. Hong Kong and Macau sales fell 7.7% to HK$801 million, mainly due to the high base effect and consumption of Hong Kong people moving north. Plus, benefit from online
Jefferies: Target price of HK$2 for the “buy” rating for Sa Sa Sa International (00178)
According to Jefferies, Sa Sa Sa International Hong Kong's fourth quarter results fell short of expectations.
Hong Kong people go north, consumption rises, and offline sales at Windsor International (00178) get cold
The Zhitong Finance App learned that on April 15, the stock price of Sa Sa Sa International (00178) suffered a severe drop. By the close, it had fallen by more than 9% to HK$0.7 per share. After the market on Friday, Sa Sa Sa International announced that for the fourth quarter from January 1 to March 31, 2024, the Group's turnover fell 4.1% year on year to HK$1,041 million. Among them, the Group's offline sales fell 8.7% to HK$864.7 million, while the Group's online sales increased 27.1% to HK$176.2 million, accounting for 16.9% of total turnover. During the reporting period, offline sales and same-store sales in the Hong Kong and Macau Special Administrative Regions were respectively lower compared to the same period
Sa Sa International's Turnover Drops 4.1% in Q1
Sa Sa International Holdings (HKG:0178) total turnover dropped 4.1% to HK$1.04 billion in the first quarter of 2024, compared with the year-ago quarter, according to a Friday filing on the Hong Kong b
Changes in Hong Kong stocks | Salsa International (00178.HK) fell more than 7%, and its turnover in the previous March fell 4.1% year on year to HK$1,041 million
Salsa International (00178.HK) fell by more than 7%. As of press release, it was down 7.79% to HK$0.71, with a turnover of HK$2.157 million.
Selected announcements | Zhaojin Mining plans to raise a total of HK$1,742 billion; Chow Tai Fook's retail sales increased 12.4% year-on-year in the first three months
CRRC: Net profit increased by 50%-70% in the first quarter; Zhaojin Mining: Net profit increased 124% in the first quarter.
Salsa International (00178.HK): Fourth fiscal year turnover decreased by 4.1% year-on-year to HK$1,0409 million
On April 12, GLONGHUI | Salsa International (00178.HK) announced that for the fourth quarter from January 1 to March 31, 2024, the Group's turnover decreased by 4.1% year-on-year to HK$1,0409 million. Among them, the Group's offline sales fell 8.7% to HK$864.7 million, while the Group's online sales increased 27.1% to HK$176.2 million, accounting for 16.9% of the total turnover. Compared with the fiscal year ended March 31, 2019 before the COVID-19 pandemic, the Group's offline sales have recovered to 44.5% before the pandemic.
Exploring Hong Kong's Food and Beverage Retailing Industry! Merchants face difficult challenges, and the industry suggests embracing high technology
Since 2023, Hong Kong residents have set off a “Shenzhen fever”. However, in stark contrast to this heatwave, Hong Kong, which used to be a “shopping paradise” for mainland people, is slightly inferior in the consumer market.
Express News | The number of visitors to Hong Kong may exceed 50 million this year
Changes in Hong Kong stocks 丨 Hong Kong retail stocks fell, and retail sales in Hong Kong slowed to 0.9% year-on-year in January
Glonghui March 5 | Milan Station fell more than 16%, Salsa International fell more than 4%, and Zhou Shengsheng, Samsonite, and European Sultan all fell more than 2%. According to news, the year-on-year increase in retail sales in Hong Kong slowed to 0.9% in January, far below market expectations of a 6.9% increase. Lo Chun-pong, the executive director of the Hong Kong Retail Management Association, believes that Hong Kong did not fully clear customs in January. Most Hong Kong people stayed in Hong Kong to spend and celebrate the New Year, so the base figure was high. However, the consumption power of mainland customers declined compared to before the pandemic. Coupled with the continuing trend of Hong Kong people going north to the north, it had an impact on local retail sales, causing retail sales to rise only slightly in January.
Express News | Hong Kong Retail Association: Poor retail performance in the Lunar New Year industry is 20% to 30% different from 2018
Hong Kong's Retailers Posted Better Sales in January
Hong Kong's retailers logged a 0.9% year-over-year increase in cumulative sales in January, at HK$36.5 billion, official data showed on Friday.
Hong Kong's Economic Growth Accelerated in Fourth Quarter
By Ronnie Harui Hong Kong's economic growth accelerated in the fourth quarter of 2023, mainly thanks to private consumption and exports of goods and services. Gross domestic product expanded 4.3% in
Changes in Hong Kong stocks 丨 Local consumer stocks in Hong Kong bucked the trend and generally rose. The market expects that the budget will include key measures to support tourism development
Glonghui, Feb. 26 | Local consumer stocks in Hong Kong bucked the trend. Among them, Li Bao Ge rose more than 5%, Daikaihuo and Taixing Group rose more than 1%, and Salsa International, Tam Tsai International, Family Fun, and L'Occitane are all on the rise. Hong Kong's new budget will be announced on Wednesday. Some Hong Kong media have learned that there will be key measures to support tourism development and increase the motivation and freshness of visitors to Hong Kong, including plans to hold fireworks and drone shows at Victoria Harbour every month, involving hundreds of millions of yuan. Furthermore, China's State Council previously approved the addition of Xi'an and Qingdao as mainland individual tourist (free travel) cities to Hong Kong and Macau. The Chairman of the Hong Kong Retail Management Association, Tse Chiu An-yee said,
Express News | Hong Kong media: to attract tourists, Hong Kong's Victoria Harbour fireworks plan to be released every month
Express News | State Administration of Immigration: Starting March 6, Xi'an and Qingdao can issue “personal travel vouchers” to and from Hong Kong and Macao
Changes in Hong Kong stocks | Salsa International (00178) rose more than 6% in the afternoon, Hong Kong tourism may resume “one sign, multiple travel” and expand the number of free travel cities
Salsa International (00178) rose more than 6% in the afternoon. As of press release, it had risen 5.21% to HK$1.01, with a turnover of HK$12.232,700.
Hong Kong Market Overview | Hong Kong stocks continued to gain strength in the afternoon! Technology network stocks and petroleum stocks rose one after another, and CNOOC rose nearly 6%
By the close, the Hang Seng Index had risen 1.45%, the Science Index and the National Index had risen 1.75% and 2.05% respectively; coal stocks had strong gains, with Mongolian coking coal rising by more than 13%; power stocks generally rose, with Huaneng International Power rising nearly 6%; and tourism stocks were collectively higher, with Ctrip Group surging more than 7% after its performance.
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