SaSa (178.HK) – Overall sales in January stabilized, boosting sales of traditional high-end brands February 8, 2019

PSR Recommendation: ACCUMULATEStatus: MaintainedTarget Price: HKD3.20

Investment Summary

Sasa`s retail and wholesale turnover decreased by 2.8% during Q3 in HK and Macau markets, while same store sales dropped by 3.7%, compared to the increase of 9.6% and 7.1% respectively in Q2. Negative growth was recorded in both retail sales and same store sales in the region in November and December. The total turnover of Sasa during the period recorded a 2.2% decrease, while 9 months ended 31st December 2018 recorded an increase of 9.2%, but missing the whole-year growth target of double digit.

About the author

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Tracy Ku
Investment Analyst

Graduated from Chinese University of Hong Kong, majoring in Economics for Bachelor Degree, and Journalism for Master Degree. Worked in financial news industry for more than four years.
Currently cover retailing, property sectors and IPOs. Good at analysis for the companies with economic policies and industry prospects.

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