Sa Sa International Holdings Limited (HK:0178) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Sa Sa International Holdings Limited reported a 11% year-on-year decline in turnover for the second quarter ending September 2024, with offline sales dropping by 14.7% while online sales rose by 7.5%. The company faced challenges due to a sluggish macroeconomic environment and increased overseas travel by local residents, but saw improvements in online sales in Mainland China and a reduction in sales decline in Hong Kong and Macau. Sa Sa is adapting to consumer preferences for value-for-money products and optimizing strategies to enhance operational efficiency.
For further insights into HK:0178 stock, check out TipRanks’ Stock Analysis page.