Published:
Sa Sa's Labour Day Holiday sales jumped 25%
Sales growth momentum also above 20%.
According to Barclays, Sa Sa had previously announced that its Labour Day Holiday sales in Hong Kong were +25% y/y.
Barclays believes sales growth momentum FY14E year-to-date has been also been above 20%.We believe more moderate rent hikes for new leases in Hong Kong should also help Sa Sa maintain profitability.
"This should support our 20.6% earnings growth forecast for FY14E. FY13 results likely a positive catalyst: We believe Sa Sa’s mid-June results could be a positive catalyst for the stock, assuming FY13 results at least meet consensus forecasts, and management announces strong year-to-date growth momentum," Barclays said.
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