Sa Sa International 0178

Re: Sa Sa International 0178

Postby winston » Thu Oct 29, 2015 4:32 pm

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SA SA INT'L (00178.HK) Has No Layoff Plans; To Revise Store Locations

Kwok Siu Ming Simon, the chairman and chief executive officer in SA SA INT'L (00178.HK) -0.140 (-5.364%) Short selling $1.09M; Ratio 19.128% , mentioned that the decline in visitor arrivals to Hong Kong resulted in the sluggish performance of local retail market.

Meanwhile, Hong Kong became a less attractive city when Japanese Yen and Euro depreciated. However, he stressed that the company would not consider any layoffs.

He added that the company will consider revising its store locations to the residential areas instead of tourist ones.

Source: AAStocks Financial News
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Re: Sa Sa International 0178

Postby winston » Thu Nov 05, 2015 11:59 am

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<Research Report>SA SA INT'L (00178.HK) Maintained Sell with Target Cut to $2.1 by G Sachs

In its latest research report, Goldman Sachs said that after the 13% decline of SA SA INT'L (00178.HK) share price after the profit warning, the correction period is believed to last for a period of time.

The 2016-18 EPS forecast is lowered by 29%-34% to reflect the weaker sales and profit expectation.

The target price is lowered from $3.3 to $2.1, with Sell rating maintained.


Source: AAStocks Financial News
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Re: Sa Sa International 0178

Postby winston » Tue Nov 24, 2015 9:04 pm

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SA SA INT'L (00178.HK) to Open New Stores in Non-Tourist Area; Two Shops Cut Rent by 40%

The Chairman and CEO of SA SA INT'L (00178.HK) +0.090 (+3.169%) Short selling $1.59M; Ratio 6.862% Dr. Kwok Siu Ming Simon said on the company's interim results release conference that there would be 110 stores in Hong Kong and Macau until March 2016, keeping existing stores level.

He revealed rent of two stores located in Hong Kong Island was reduced by 40%. He also pointed out the possibility of rent cut would be larger for street shops than that in shopping mall.

He emphasized the group would choose to open stores in non-tourist area in future and would open new stores depending on rent level.

He also disclosed the group would open stores in Sai Wan and Tai Wei by the end of this year and would continue to recognize favorable locations in New Territories.

Source: AAStocks Financial News
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Re: Sa Sa International 0178

Postby winston » Tue Nov 24, 2015 9:15 pm

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SA SA INT'L(00178.HK) Interim Net Profit Down 54.96%

SA SA INT'L (00178.HK) +0.090 (+3.169%) Short selling $1.59M; Ratio 6.862% announced that for the interim period as of the end of September, net profit fell 54.96% yearly to HK$153 million.

EPS equaled HK5.4 cents; an interim dividend of HK5 cents was declared, couple with a special dividend of HK4 cents.

Meanwhile, the turnover fell 10.6% yearly to HK$3.778 billion.

Same-store sales declined 8.5%. Gross profit fell 14.06% yearly to HK$1.622 billion.


Source: AAStocks Financial News
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Re: Sa Sa International 0178

Postby winston » Mon Jan 11, 2016 8:27 pm

SA SA INT'L (00178.HK) 3Q Turnover Drops 14.2% YoY

SA SA INT'L (00178.HK) -0.060 (-2.469%) Short selling $4.83M; Ratio 37.347% announced its unaudited operational information for the third quarter ended 31 December 2015.

The group’s turnover (retail and wholesale) decreased by 14.2% yearly to $2.142 billion.

Turnover in Hong Kong and Macau markets declined by 15.8% whereas same store sales decreased by 12.2% yearly.

The group’s turnover in other markets (including the mainland China, Singapore, Malaysia, Taiwan and sasa.com) recorded a decrease of 6.7% during this period.

The overall consumer sentiment in Hong Kong and Macau markets continued to be adversely affected by the strength of HKD during the third quarter.

The impact of "one-trip-per-week" policy has gradually gained momentum, leading to a sharp year-on-year decline in the number of same-day visitor arrivals.

The negative trend is expected to continue to influence the HK retail market.

Source: AAStocks Financial News
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Re: Sa Sa International 0178

Postby winston » Wed Feb 03, 2016 6:47 am

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Sa Sa International (O178) rose 3 percent to HK$2.25 yesterday.

It now trades at 7.6 times historical PE with 10 percent dividend yield.

It is now 75 percent below its high of HK$8.99 in November 2013. Despite getting dividends in the past six years, shareholders still incurred a loss.

Source: Dr Check, The Standard
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Re: Sa Sa International 0178

Postby winston » Wed Feb 03, 2016 6:47 am

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Sa Sa International (O178) rose 3 percent to HK$2.25 yesterday.

It now trades at 7.6 times historical PE with 10 percent dividend yield.

It is now 75 percent below its high of HK$8.99 in November 2013. Despite getting dividends in the past six years, shareholders still incurred a loss.

Source: Dr Check, The Standard
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Re: Sa Sa International 0178

Postby winston » Wed Feb 17, 2016 8:22 pm

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SA SA INT'L (00178.HK) Retail Sales Drop 20% YoY during Spring Festival

SA SA INT'L (00178.HK) -0.020 (-0.858%) Short selling $162.62K; Ratio 9.950% announced the unaudited retail sales performance in Hong Kong and Macau over the Chinese New Year period.

From 8 to 14 February, the group's retail sales and same-store sales of Macau and Hong Kong dropped 20% and 19% respectively year-on-year.

This is mainly attributable to a notable decrease in overall tourist arrivals in Hong Kong during this period, especially Mainland tourists, leading to a 26% drop of sales to Mainland customers.

The number of transactions attributable to Mainland tourists decreased by 18%, while their average sales per transaction decreased by 9%.

Source: AAStocks Financial News
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Re: Sa Sa International 0178

Postby winston » Thu Apr 21, 2016 7:25 am

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Retail blues mar SaSa sales

SaSa International Holdings' (0178) retail and wholesale turnover shrunk by 15.1 percent in the fiscal fourth quarter to HK$1.92 billion from a year earlier.

The retail and wholesale turnover in Hong Kong and Macau slumped 17.9 percent to HK$1.52 billion, while same-store sales fell 17.6 percent.

The total number of transactions contracted by 5.2 percent to 4.4 million in the January-to-March period from the fourth quarter of the last fiscal year.

Retail sales in Hong Kong and Macau continued to decline due to the adverse impact of the new one-trip- per-week policy imposed on mainland travelers.

A further drop of mainland visitor arrivals in January and February and the Hong Kong dollar's strength against other currencies also pulled down sales, it said.

The combined value of retail sales in Hong Kong in January and February fell 13.6 percent from a year back.

Retail and wholesale turnover in other markets, including the mainland and Singapore fell 2.8 percent.

Source: The Standard
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Re: Sa Sa International 0178

Postby winston » Fri Jun 24, 2016 7:45 am

Sasa says here goes the neighborhood

by Dominique Nguy

Sasa International (0178) plans to cut stores in tourist districts and open more stores in neighborhood areas as the cosmetic company recorded a decline in profit of 54.3 percent to HK$383.5 million for the year ended March 31 compared to the previous year.

Sasa's turnover has also dropped by 12.8 percent to HK$7.84 billion with basic earnings per share at 13.4 HK cents.

The final and special final dividends per share proposed are 14.5 HK cents and the total annual dividend of 23.5 HK cents, unchanged.

Meanwhile, due to the drop in mainland visitors, the company's turnover in Hong Kong and Macau has decreased by 14.2 percent to HK$6.3 billion while same store sales fell by 11.8 percent.

Simon Kwok Siu-ming, chairman of the cosmetic chain store, said if the rents for stores in the tourist districts do not go down by 40 to 50 percent, they will not consider extending the leases.

Kwok said further that from April to June 20 this year, they have extended the leases for 14 stores and rents have gone down by 18 percent on average.

Other reasons for the decline in turnover include strengthened tourist facilities and convenient travel policies by other countries to attract mainland tourists and a strong Hong Kong dollar and depreciating yuan.

On the plan to open more stores in the neighborhood areas, Kwok said that they recorded some growth in businesses in stores located at the Lok Ma Chau border. Stores in Sheung Shui and Tuen Mun were also popular.

Kwok expects the number of stores in Hong Kong and Macau to remain the same as the previous year at 111. Meanwhile, Sasa's operation in themainland has recorded a loss of HK$39.6 million with turnover down by 9.6 percent (in local currency terms) to HK$303.8 million.

Source: The Standard
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