Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00178 SA SA INT'L
RTNominal unchange0.650 0.000 (0.000%)
Research Report

19/09/2019 13:59

{I-bank focus}Goldman lowers Sa Sa Int'l (00178) to HK$1.5

[ET Net News Agency, 19 September 2019] Goldman Sachs lowered its target price for Sa
Sa International Holdings (00178) to HK$1.5 from HK$1.8 and maintained its "neutral"
rating.
Following the release of a profit warnings by Sa Sa, the research house views Sa Sa as
highly vulnerable to the current situation given its significant exposure to HK & Macau,
aggressive promotions for inventory clearance and market share losses.
Looking ahead, visibility remains low though the base should be getting easier toward
the end of the year; operating deleverage from SSSG declines could be partially offset by
rental reduction, staff cost savings and A&P cut, Goldman noted.
It lowered its FY2020/21/22 sales estimates by 7-11% to reflect continuous weakness in
the retail market and competition. Net income forecasts in FY2020-22 were cut by 21-37%
due to negative operating leverage. (KL)

Remark: Real time quote last updated: 17/09/2024 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.