[ET Net News Agency, 19 September 2019] Citi Research said Sa Sa International
Holdings' (00178) profit warning for 1H FY2020 is in line with the research house's
expectation.
The company expected a sharp sales decline in HK & Macau (due to decline of visitor
arrivals from Mainland China resulting from the intensified protest impact and
persistently weak RMB) to lead to a loss for HK & Macau as well as the entire company in
both August and 5-month FY2020.
Citi has pointed out Sa Sa's looming risk of earnings loss amid such sales decline in
its recent report. With the lack of sales and earnings turnaround in the short-term, Citi
expects such weak momentum to persist in 2H FY2020.
It maintained its "sell" rating on Sa Sa, with a target price of HK$1.51. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00178 SA SA INT'L
Nominal 
0.760 +0.020 (+2.703%) Research Report
19/09/2019 17:37
{I-bank focus}Citi sees Sa Sa's weak momentum to stay in 2H
| Remark: | Real time quote last updated: 26/04/2024 10:40 |
| 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 |