Hong Kong Stock Movers: Sa Sa International Jumps Nearly 4% in Early Trading as Q2 Sales Rise 37% Year-on-Year, Jefferies Says Better Than Expected

Stock News
5 hours ago

Sa Sa International (00178) rose nearly 4% in early trading. As of press time, it was up 2.31% at HK$1.33, with a turnover of HK$5.1378 million.

On the news front, Sa Sa International announced that its overall turnover for the second quarter of fiscal year 2027 (the quarter ended September) reached HK$1.4138 billion, up 37.2% year-on-year. The group's total offline sales reached HK$1.2196 billion, up 47.6% year-on-year. During the National Day Golden Week from October 1 to 7, offline sales in Hong Kong and Macau grew more than 60% year-on-year, while same-store sales grew more than 50%.

Jefferies stated that the company's second-quarter sales performance was better than expected, with Hong Kong and Macau offline sales coming in 17% above the bank's forecast; first-half sales for fiscal year 2027 have already accounted for 51% of the bank's full-year sales forecast. The company previously announced that it expects net profit for the first half to exceed HK$150 million, and sales momentum has not slowed so far in October, with current trading performance still supporting the bank's sales and net profit forecasts for fiscal year 2027.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10