Sa Sa International Holdings Ltd. is ramping up store openings and restoring a full dividend payout after a sharp rebound in profit, underscoring management’s confidence in the recovery of Hong Kong and Macau’s beauty retail market. The cosmetics chain’s full-year sales rose 14.2% to HK$4.383 billion, while profit increased 1.6 times from a year earlier, allowing the group to boost its final dividend and return its payout ratio to 100%. Chairman and chief executive Simon Kwok said the stronger distribution reflects a “very strong” outlook, pointing to broad-based improvement in store traffic and spending.

Kwok said all key operating indicators in Hong Kong and Macau — including revenue, same-store sales, transaction volume, average ticket size and units per transaction — recorded year-on-year gains in the last financial year. Momentum has continued into the new year: in the first quarter of the current financial year, total revenue grew 24%, with offline sales up 30.9%. Hong Kong and Macau led with a 32.5% jump in offline sales, while Southeast Asia rose 17%. Online revenue slipped 3.2% overall, weighed by an 18.1% decline in mainland China, even as Hong Kong, Macau and Southeast Asia posted online growth.

On the back of the recovery, Sa Sa is reviving its brick‑and‑mortar expansion, particularly in tourist districts that were heavily rationalised during the downturn. The company plans to open 10 new stores in the current financial year; it has already added outlets in Mong Kok and Tsim Sha Tsui, including a large upstairs shop of about 6,000 to 7,000 square feet at the Mong Kok Man Wah Centre, on top of an existing ground‑floor unit. A store at the Airside mall in Kai Tak is slated to open in August, and another at Lok Ma Chau is planned to capture cross‑border traffic. Kwok said tourist‑area stores are now about half the number they once were, leaving “substantial room” to rebuild the network, though he stressed the group will not neglect local customers.

Store format will be a key part of the strategy. Kwok said he and his wife favour large outlets and that she has advocated opening flagship stores to serve both mainland and local shoppers in a more spacious, comfortable environment. Still, decisions between large and small formats will depend on rents and operating costs; smaller shops require less staff and investment. He said that while the opening of new outlets may “slightly” dilute same‑store sales metrics, the impact should be limited as long as locations and rental terms are carefully chosen. Footfall remains the main focus: “Only when there are people will there be revenue,” he said, adding that broader product assortment and competitive pricing should help underpin demand even as more drugstore and beauty chains enter the market.

Sa Sa also aims to stabilise and eventually grow its Southeast Asian operations, where the group ended the last financial year with 75 stores — 70 in Malaysia and five in Singapore. The region’s near‑term target is to achieve break‑even. Three of the five Singapore stores are already profitable, and Kwok said the company would consider opening more outlets there if suitable opportunities arise, noting that Singaporean sales growth was particularly strong in the second half of the year. The Malaysian business is described as stable, with management planning tighter cost control. Kwok played down concerns about competition from other travel destinations and cross‑border consumption trends, saying that Hong Kong remains convenient for many mainland visitors, some of whom come once or twice a month, and that the company’s breadth of products and pricing remain competitive.

Aktivitas vulkanik di dua gunung api aktif di Pulau Jawa menguat dalam beberapa hari terakhir, menambah tekanan pada sistem mitigasi bencana di wilayah padat penduduk. Di Yogyakarta, Gunung Merapi mencatat dua kali luncuran awan panas guguran dan 18 kali guguran lava pijar hanya dalam periode 12 jam pengamatan terakhir. Di Jawa Timur, Gunung Semeru pada Sabtu pagi (4/7/2026) erupsi dan meluncurkan kolom abu vulkanik setinggi sekitar 1,4 kilometer di atas puncak, mendorong Pusat Vulkanologi dan Mitigasi Bencana Geologi (PVMBG) mempertegas peringatan kewaspadaan bagi masyarakat sekitar.

Laporan harian yang dirilis melalui laman resmi magma.esdm.go.id menunjukkan, sejak Kamis (2/7/2026) pukul 18.00 WIB hingga Jumat (3/7/2026) pukul 06.00 WIB, awan panas guguran Merapi meluncur sejauh maksimal 1.800 meter ke arah Kali Sat/Putih. Dalam interval yang sama, guguran lava pijar teramati total 18 kali dengan jarak luncur maksimum hingga 2.500 meter ke arah alur sungai yang sama. Data kegempaan mengindikasikan dinamika magma di perut gunung masih tinggi, dengan puluhan gempa guguran serta puluhan gempa hybrid/fase banyak yang terekam dalam rentang beberapa jam.

Di sisi lain, Semeru yang berstatus Level III (Siaga) menambah daftar gunung dengan aktivitas signifikan. PVMBG melaporkan erupsi Sabtu pagi pukul 06.08 WIB itu memuntahkan kolom abu putih hingga kelabu dengan intensitas sedang dan condong ke arah selatan. Erupsi tersebut terekam di seismogram dengan amplitudo maksimum 22 mm dan durasi sekitar 2 menit 17 detik, dan masih berlangsung saat laporan disusun. Otoritas mengingatkan potensi Awan Panas Guguran (APG), guguran lava, dan aliran lahar di sepanjang aliran sungai dan lembah yang berhulu di puncak, terutama Besuk Kobokan, Besuk Bang, Besuk Kembar, dan Besuk Sat.

Merespons dinamika ini, PVMBG mempertahankan sejumlah pembatasan ketat di sekitar Semeru. Masyarakat dilarang beraktivitas di sektor tenggara sepanjang Besuk Kobokan sejauh 13 kilometer dari puncak, serta diminta menjaga jarak minimal 500 meter dari tepi sungai di luar zona tersebut karena berpotensi terlanda perluasan awan panas dan aliran lahar hingga 17 kilometer dari sumber erupsi. Selain itu, aktivitas dalam radius 5 kilometer dari kawah/puncak tidak dianjurkan mengingat risiko lontaran batu pijar. Di Merapi, meski rekomendasi rinci dalam laporan yang dikutip tidak disebutkan, intensitas guguran lava dan awan panas ke arah alur sungai menegaskan pentingnya disiplin terhadap zona rawan bencana yang telah ditetapkan otoritas kebencanaan setempat.

Deretan data kegempaan dan visual dari dua gunung ini menempatkan kembali aspek mitigasi sebagai fokus utama, terutama bagi permukiman yang berada di hilir sungai-sungai yang berhulu di puncak. Dengan beberapa gunung lain di Indonesia juga berada pada status Siaga, otoritas menghadapi tantangan simultan menjaga kewaspadaan publik tanpa memicu kepanikan, sembari memastikan aktivitas ekonomi dan mobilitas warga tetap berada dalam koridor keselamatan yang direkomendasikan.