[ET Net News Agency, 13 April 2018] Citi Research lifted its target price for Sa Sa
International (00178) to HK$5.2 from HK$4.2, and reiterated its "buy" rating.
The research house said Sa Sa's 15% SSSG in 4Q FY2018 was stronger than Citi's
expectation of 10%, and reflected further acceleration in March from January & February's
SSSG of 11% and last November & December's 5%.
Revenue growth in HK & Macau also picked up to 18% (from 15% in January & February and
8% in 3Q FY2018), and group revenue growth strengthened to 14% in 4Q FY2018 (up from 6.5%
in 3Q FY2018).
Citi expect such sales recovery since November 2017 to be sustainable given both
positive industry outlook and management's product strategy. Citi expects more mainland
China same-day visitors to further drive the HK retail market recovery after the opening
of HK-Zhuhai-Macau Bridge and Guangzhou-Shenzhen-HK high-speed railway in 2H 2018. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00178 SA SA INT'L
Nominal 
0.690 0.000 (0.000%) Others
13/04/2018 16:08
[I-bank focus]Citi lifts Sa Sa Int'l (00178) to HK$5.2
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