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Memo for next week.
On November 11 (Monday), the holiday markets in the USA, France, and Canada are closed. Reserve Bank of New Zealand's fourth-quarter inflation expectations for the next two years: previous value 2.03%. Japan's October banks (including trusts) lending rate: previous value increased by 2.7%. Japan's September trade account: predicted deficit of 66.2 billion yen; previous deficit of 377.9 billion yen. Japan's September current account: predicted surplus of 3.4327 trillion yen; previous surplus of 3.8036 trillion yen. Japan's October economic observers' current situation index: predicted 47.1; previous value 47.8. Japan's October economic observers' future outlook index: predicted 49.2; previous value 49.7.
Retail Management Association: The basic market factors remain unchanged, and the market has not yet shown signs of improvement.
Annie Lo, Executive Director of the Retail Management Association, pointed out that the main reason for the narrowed decline in retail data in Hong Kong in September is the low base effect. She mentioned that the current market conditions have not changed fundamentally, with general weakening in consumer spending among citizens, coupled with strong performance of the Hong Kong dollar and the influx of mainland Chinese visitors, the market remains weak without any signs of improvement. 70% of the association's members expect business performance to continue to decline in October. Annie Lo stated that among these members, non-essential items are experiencing a larger decline, while 30% expect business to remain stable or improve, primarily relying on promotional activities and new product launches. Members are still pessimistic about the performance in November and December. She pointed out that half of the members anticipate a decline in business in November, during the Christmas holiday in December.
sa sa int'l (00178.HK) held a board of directors meeting on November 14th to approve the publication of mid-term performance.
Grorg10 reported on October 31st that sa sa int'l (00178.HK) announced that the board of directors will hold a meeting on November 14, 2024 (Thursday) to discuss various matters, including approving the publication of the interim performance announcement for the six months ending September 30, 2024, and considering whether to distribute interim dividends.
SA SA INT'L: Date of Board Meeting
Express News | The Legislative Council of the Hong Kong Special Administrative Region has passed a bill to reinstate the 3% hotel room tax.
Sa Sa International Expects up to 69% Decline in April-September Profit
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