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Jefferies Upgrades Sa Sa International (00178.HK) to Buy, Raises TP Sharply to HKD1.14
Recommend 14 Positive 25 Negative 15 |
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Jefferies said in a research report that Sa Sa International (00178.HK) has seen accelerated sales growth since 4QFY2026 ended March, mainly benefiting from a favourable macro environment, including a stronger RMB and robust visitor arrivals to Hong Kong. Meanwhile, the groups product strategy has successfully lifted conversion rates, transaction volume and average selling prices. The broker expects Sa Sas sales momentum to continue into FY2027 and FY2028, generating operating leverage and driving earnings growth. The TP was raised sharply by 70% from HKD0.67 to HKD1.14, implying about 13x and 12x projected PE for FY2027 and FY2028, respectively. The rating was upgraded from Hold to Buy. The broker also lifted its net profit forecasts for FY2026 to FY2028 by 46%, 92% and 103%, respectively, to reflect better-than-expected sales trends. (hc/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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