Other Specialty Retail

SA SA INT'L

J.P. Morgan Raises Rating and Target Price for Sasa International

Sasa Reports 12.5% Sales Growth in Q3

SA SA INT'L released FY2026 Q1 earnings on November 20, 2025 (BJT), actual revenue HKD 995.28 M (forecast HKD 982 M), actual EPS HKD 0.008

SA SA INT'L released FY2026 Q2 earnings on November 20 Pre-Market (BJT), actual revenue HKD 995.28 M (forecast HKD 964 M), actual EPS HKD 0.008

SA SA INT'L released FY2026 Semi-Annual Earnings on November 20 Pre-Market (BJT), actual revenue HKD 1.991 B (forecast HKD 1.945 B), actual EPS HKD 0.0161

SA SA INT'L to release FY2026 Semi-Annual earnings on November 20, 2025 (BJT), forecast revenue HKD 1.945 B

Sasa International Profit Forecast: Expected to Reach About HKD 48.5 to 50.5 Million

Sasa Announces Second Quarter Earnings with Strong Sales Performance

Sasa International Board Approves Share Repurchase Plan

Sasa International Reports 4.7% YoY Revenue Growth in Q1

SASA International Management Increases Shareholding

Sasa International Closes Mainland China Offline Stores

City Super closes all its physical stores in mainland China

Sasa International sees improved foot traffic after resumption of 'one permit multiple entries' in Shenzhen

SA SA INT'L released FY2025 Q3 earnings on June 19 (BJT), actual revenue HKD 1.011 B (forecast HKD 1.146 B), actual EPS HKD 0.0071

SA SA INT'L released FY2025 9 Months Earnings on June 19 (BJT), actual revenue HKD 2.931 B, actual EPS HKD 0.0171

SA SA INT'L released FY2025 annual earnings on June 19 During-Market (BJT), actual revenue HKD 3.942 B (forecast HKD 4.008 B), actual EPS HKD 0.0248 (forecast HKD 0.0381)

SA SA INT'L released FY2025 Q4 earnings on June 19 During-Market (BJT), actual revenue HKD 1.011 B (forecast HKD 966.1 M), actual EPS HKD 0.0071

Sasa Announces Closure of Offline Stores

Sasa International Announces Year-End Profit Down 64.8%

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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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Jefferies Financial

Jefferies Upgrades Sa Sa International  to Buy, Raises TP Sharply to HKD1.14

Hong Kong retailers are employing strategies like direct sourcing and leveraging economies of scale to mitigate rising logistics costs due to the Middle East conflict. Sa Sa International warns of a 10-15% increase in shipping costs, while DFI Retail Group expands its sourcing network to over 50 countries. Ikea has locked in fixed-price contracts to manage costs, and Mannings is scrutinizing supplier price increase requests. 7-Eleven is reducing utility costs to offset transport expenses. The retail landscape is evolving amid inflation and competition from e-commerce platforms.

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Hong Kong retailers leverage scale, sourcing to offset war-driven cost pressures

SA SA INT'L expects its annual net profit for the year ending March 31 this year to reach approximately HKD 190 million to HKD 205 million, representing a year-on-year growth of 147% to 166%. This is mainly attributed to the growth in same-store sales, transaction volume, and online business profitability in Hong Kong and Macau. The overall turnover for the fourth quarter was HKD 1.233 billion, a year-on-year increase of 30.9%. Offline sales were HKD 1.068 billion, and online sales were HKD 166 million, representing year-on-year growth of 33% and 18.9%, respectively

Tasty Money

SA SA INT'L (178) expects to earn 1.4 to 1.6 times more for the full year

Sa Sa International Holdings Limited reported a 30.9% year-on-year increase in total turnover for Q4, reaching HK$1.23 billion, driven by a 33% rise in offline sales and an 18.9% increase in online revenue. The growth was fueled by stronger tourism and effective promotions, with same-store sales up 37.2%. Tourist spending accounted for 60.5% of sales in Hong Kong and Macao. The current analyst rating for Sa Sa's stock (HK:0178) is a Hold, with a price target of HK$0.67.

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Sa Sa posts 31% Q4 sales jump on tourism rebound and stronger omnichannel push

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In the context of ongoing conflicts, Hong Kong stocks fluctuated slightly, and investors faced a choice: to buy short positions for hedging or to reduce positions to cope with the market. SA SA INT'L (178) and Dongyao Pharmaceutical (1875) performed well, with the latter reaching a new high. AJISEN (CHINA) (538) announced a turnaround to profitability, with a dividend yield of 13 cents, and cash levels exceeding market value, making it a good hedging option

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13 Basis Points: A Good Hedge in Turbulent Times | Tang Niu

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Every year after the Lunar New Year, young people have more opportunities to learn about financial management, and there are many low-threshold high-yield stocks available in the stock market. Recent reviews show that there are 24 stocks with an entry cost of less than HKD 4,000, with the highest dividend yield reaching 12%. These stocks cover various industries such as telecommunications, consumer goods, and energy. Although some financial stocks have insufficient dividend appeal, there are still high-yield blue-chip stocks with a market value of hundreds of billions and an entry cost of less than HKD 800. Some local stocks, such as Tai Hing Group, BEST MART 360, and SA SA INT'L, have shown signs of recovery, with significant same-store sales growth for SA SA

BEST MART 360

Treasure hunt for low-threshold high-yield stocks, with the highest exceeding 12 cents. Entry at 4,000 HKD covers various industries, with the cheapest blue-chip stock costing only 800 HKD for one lot

Sa Sa International Holdings Ltd. reported a 12.5% increase in third-quarter revenue, driven by strong sales in Hong Kong and Macao, following a strategic shift to online-only sales in mainland China. The company's e-commerce revenue rose 14.9%, although overall online sales still represented only 17.8% of total revenue. The closure of its Chinese stores has alleviated earnings pressure, with offline sales in core markets also showing growth. The retailer benefited from a recovery in tourist spending, with visitor arrivals in Hong Kong increasing by 9% in December.

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Corporate Makeover Adds Luster To Sa Sa's Sales Numbers

SA SA INT'L(00178.HK)