Sa Sa Int'l (00178) ended its previous consecutive gains this morning, falling more than 3% during trading hours. As of the time of publication, it has fallen by 3.57%, reporting HKD 0.81, with a trading volume of HKD 1.3459 million.
According to the Zhītōng Cáijīng APP, Sa Sa Int'l (00178) ended its previous consecutive gains this morning, falling more than 3% during trading hours. As of the time of publication, it has fallen by 3.57%, reporting HKD 0.81, with a trading volume of HKD 1.3459 million.
On the news front, Sa Sa Int'l recently announced its financial results for the 2024 fiscal year, with revenue rising 24.8% YoY to HKD 4.3675 billion and net profit of approximately HKD 219 million, a YoY increase of approximately 2.76 times. It was proposed to distribute a final dividend of 5 Hong Kong cents per share, and no dividend was paid in the same period last year. In addition, Sa Sa Int'l announced its first quarter operational sales data from April 1, 2024 to June 16, 2024, showing a total revenue decrease of 9.5% YoY to HKD 0.8125 billion.
Citigroup released a research report stating that Sa Sa Int'l's net profit in 2024 fiscal year increased by 2.76 times to HKD 219 million, slightly lower than the bank's expectations, and its sales growth of 25% was also lower than expected. The bank believes that although Sa Sa's sales and profit recovery may be slower than expected due to weak macro environment and changes in consumer behavior, the company valuation is not high. The bank lowered its forecast for net profit in 2025 and 2026 by 14% and 13%, respectively, and lowered its target price from HKD 1.74 to HKD 1.49.