Sa Sa International Holdings Limited (HK:0178) has released an update.
Sa Sa International Holdings Limited has issued a profit warning, anticipating a significant drop in profits for the first half of 2024, primarily due to a 10%-11% decline in turnover. The company attributes this decrease to reduced local consumption in Hong Kong and Macau, alongside a shift in tourist behavior from shopping to experiential travel. Investors are advised to exercise caution as the outlook remains challenging.
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