Changes in Hong Kong stocks | Salsa International (00178) rose more than 4% at the end of the session, Jefferies said Yingxi brought a surprise, and the company is expected to benefit from improved retail sales during the Hong Kong holidays

The Zhitong Finance App learned that Salsa International (00178) rose more than 4% at the end of the session. As of press release, it rose 4.39% to HK$1.19, with a turnover of HK$5.210,000.

According to the news, Sa Sa Sa International previously announced that earnings are expected to exceed HK$150 million for the six months ending the end of September, compared to HK$50.2 million for the same period of the previous year. Mainly due to strong same-store sales in Hong Kong and Macau, as well as the rapid growth in the company's B2BC online sales and profitability. Jefferies believes that Yingxi brought a surprise to the market because it was announced earlier than expected, indicating that the company's net profit recovery continues.

The bank also said that the Mid-Autumn Festival National Day holiday will drive demand for eating out and traveling. It is expected that retail sales in Hong Kong will benefit from improved monetization of visitors to Hong Kong. Consumption conversion from mainland visitors is still high, outbound consumption outflows are stabilizing, and the strong RMB increases purchasing power; in terms of coverage, Sa Sa Sa International will benefit the most.