Jefferies Upgrades Sa Sa International to Buy, Raises TP Sharply to HKD1.14
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Jefferies has upgraded Sa Sa Internationalfrom Hold to Buy, raising the target price by 70% from HKD0.67 to HKD1.14. The upgrade is based on accelerated sales growth driven by a favorable macro environment, including a stronger RMB and increased visitor arrivals in Hong Kong. The broker anticipates continued sales momentum into FY2027 and FY2028, leading to significant earnings growth. Net profit forecasts for FY2026 to FY2028 have been increased by 46%, 92%, and 103%, respectively, reflecting better-than-expected sales trends.
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