Sun Art Continues Facing Challenges in the Structural Change of Retailing Market
Sun Art announced disappointing first-quarter earnings with revenue up by 2% and a flattish operating margin of 5%. This compares with our...
198 Views
Sun Art Released In-Line 2016 Annual Results, but the Expected Deal Didn't Come to Pass
Sun Art’s 2016 annual results are largely in line with our estimates, but the share price nosedived by about 13% as the company indicated that it...
150 Views
Relaunching Coverage of Sun Art Retail With No-Moat Rating, Negative Trend
We relaunch coverage of Sun Art Retail with a fair value estimate of HKD 6.2 per share and no-moat and negative moat trend ratings. Our fair value...
310 Views
China Business Observations: Why Uber "Failed" And Humans Are a Commodity (Episode 1)
My theory is that Uber failed in China not because its technology is not advanced. Rather, it failed because it entered a saturated market. As an...
263 Views
Change in Consumer Lifestyles in Asia Pacific Triggers Volume in Robotic Vacuum Cleaners (Part 1)
Change in Consumer Lifestyles in Asia Pacific Triggers Volume in Robotic Vacuum Cleaners (Part 1)Over 2016-2021, China is still expected to be a...
216 Views