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An announcement from Sa Sa International Holdings Limited ( (HK:0178) ) is now available.
Sa Sa International Holdings Limited has announced a share purchase plan with an aggregate amount not exceeding HK$20 million, aimed at buying back ordinary shares from the open market and purchasing shares under its share award scheme. The decision comes amid recent volatility in the company’s share price, which the Board believes undervalues the company. The plan is intended to boost investor confidence, enhance shareholder returns, and demonstrate the company’s confidence in its business outlook. The Board assures that the company has sufficient financial resources to implement the plan while maintaining a healthy financial position.
The most recent analyst rating on (HK:0178) stock is a Buy with a HK$0.87 price target. To see the full list of analyst forecasts on Sa Sa International Holdings Limited stock, see the HK:0178 Stock Forecast page.
More about Sa Sa International Holdings Limited
Sa Sa International Holdings Limited is a company incorporated in the Cayman Islands, operating in the retail and beauty industry. It focuses on the sale of cosmetics and skincare products, primarily in the Asian market.
Average Trading Volume: 2,654,906
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.71B
For detailed information about 0178 stock, go to TipRanks’ Stock Analysis page.