The Hong Kong Retail Trade Association: The total sales value of the retail trade in December last year fell as expected, estimating that this year's retail data will remain flat.

The government Statistics Department announced on Monday (the 3rd) that the provisional estimate of the total sales value in the Retail Trade for December last year was 32.8 billion yuan, a year-on-year decline of 9.7%. As for the revised estimate of the total sales value in the Retail Trade for November last year, it showed a year-on-year decline of 7.3%. The Chairman of the Hong Kong Retail Management Association, Xie Qiu An Yi, believes that the decline in the total sales value in the Retail Trade mentioned above is within expectations, primarily due to factors such as Hong Kong people traveling abroad during the Christmas holiday, changes in the consumption habits of visitors to Hong Kong, and a significant weakening of consumer power. She also pointed out that although the "one visa multiple entries" policy can drive traffic, currently only a few Industries are benefiting from it. Xie Qiu An Yi mentioned that due to the retail data base being relatively large in the first quarter of last year.

AASTOCKSFeb 4 09:02

Xianshi [00244] is currently reported at 0.22 Hong Kong dollars, with a decline of 11.65%.

As of 15:59, Xianshi [00244] is reported at 0.22 HKD, down from yesterday's closing price of 0.249 HKD, a decrease of 0.029 HKD or 11.65%, with a transaction volume of 0.0014 million HKD. Today's highest price is 0.24 HKD, and the lowest price is 0.22 HKD. Based on yesterday's closing price, the 10-day average price is 0.24 HKD, the 50-day average price is 0.23 HKD, and the current PE is -6.48 times, with a 14-day strength index of 73.91.

Jinwu Financial NewsJan 21 15:59

Express News | China International Capital Corporation: Trump may adopt a policy sequence of "first tariffs, then tax cuts, first saving money, then spending money."

BreakingsJan 6 14:44

Hong Kong Retail Management Association: "One signature, multiple actions" gradually drives foot traffic, while Hong Kong people's Lunar New Year travels still raise concerns for the industry.

The Census and Statistics Department announced yesterday (the 2nd) that the provisional estimate of the total sales value of Retail Trade in November 2024 was 31.7 billion yuan, a year-on-year decrease of 7.3%, compared to the market expectation of a 3.4% year-on-year decline. The Chairman of the Hong Kong Retail Management Association, Xie Qiu An Yi, explained that the decline in retail data in November last year widened month-on-month, mainly due to the impact of a high base. In October last year, Hong Kong experienced severe weather and a reduction in the number of days of the Golden Week holiday, resulting in a lower base for that month. By November last year, the situation returned to a more realistic level. Xie Qiu An Yi cited results from the association's survey indicating that overall foot traffic improved in December last year, with lower-priced goods benefiting more, such as cosmetics.

AASTOCKSJan 3 09:05

Realord Group to Sell 75% Stake in Sincere to Affiliate

MT NewswiresNov 4, 2024 17:27

realord group plans to sell 75% equity of Sasa for about 0.388 billion Hong Kong dollars.

realord group (01196) announced that on November 1, 2024, the company entered into an agreement with Merrill Holdings, under which the company plans to sell 75% of the issued shares of Sincere Limited to Merrill Holdings for approximately 0.388 billion Hong Kong dollars. This amount is to be paid by Merrill Holdings by offsetting part of the shareholder loan owed to Merrill Holdings through an equalization basis. Considering Sincere Group's continued losses and the unfavorable short-term outlook in the Hong Kong retail market, the board of directors believes that Sincere Group's poor performance may continue to have a negative impact on the group's financial condition. In order to reduce the market uncertainty of the department store business.

Sina Hong Kong stocksNov 4, 2024 08:18