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Chow Sang Sang Announces 2025 Annual General Meeting and Key Resolutions
CHOW SANG SANG: 2024 Annual Report
Orient: Consumer stimulus policies have been implemented, and the consumer sentiment among residents has significantly rebounded.
The trend of Consumer recovery is good, the momentum of online retail continues to be released, and the increase in Trade volume in the e-commerce Industry is strongly supported, maintaining a Bullish rating for the Industry.
Luxury Goods stocks fell overall, with PRADA (01913) down 4.29%. LVMH's first-quarter revenue fell short of expectations, indicating a slowdown in Industry growth.
Jingwo Finance | Luxury Goods stocks have generally declined, with TSE SUI LUEN (00417) dropping 10.00%, PRADA (01913) down 4.29%, ERNEST BOREL (01856) down 4.27%, CITYCHAMP (00256) down 3.33%, CHOW SANG SANG (00116) down 1.30%, and DICKSON CONCEPT (00113) down 1.25%. On the news front, the world's largest Luxury Goods group, France's LVMH, reported first-quarter revenue that fell short of expectations. LVMH stated on Monday that sales for the first quarter, ending March 31 of this year, decreased by 3% to 20.31 billion euros, significantly lower than the market expectation of growth.
In March, the retail sales of 50 key large retail enterprises nationwide decreased by 0.3% year-on-year, a decrease that is smaller than in the previous two months.
In March 2025, retail sales of 50 key large retail enterprises nationwide (mainly in the department store format) decreased by 0.3% year-on-year, with the decline narrowing by 4.3 percentage points compared to January and February, indicating the inherent momentum for improved Consumer sentiment and market resilience.
Chow Sang Sang Holdings International (HKG:116) Is Finding It Tricky To Allocate Its Capital
