BUZZ-Jeweller Chow Sang Sang rises most in 7 months on robust earnings forecast
Reuters
Mar 17
BUZZ-Jeweller Chow Sang Sang rises most in 7 months on robust earnings forecast
** Chow Sang Sang Holdings International 0116.HK shares surge 12.5% to HK$14.54, their highest point since February 25
** Shares of jewellery retailer on track for the biggest one-pct gain since August 25
** Co estimates full-year net profit to be in HK$1.6-HK$1.7 bln ($204.25-$217.02 mln) range vs HK$772 mln profit in 2024
** Improvement due to increase in sales in key markets in second half of 2025, higher gross profit margin due to favourable gold price movements and lower operating cost on network optimisation - Co
** YTD, stock up 14.3%, benchmark Hang Seng Index .HSI up 1.7%
($1 = 7.8334 Hong Kong dollars)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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