Alibaba Strengthening Its New Retail Strategy With Sun Art Through a 36% Stake in the Latter
Taobao China, a wholly owned subsidiary of Alibaba Group Holding Ltd (BABA US), will effectively acquire a 36.16% stake in Sun Art Retail Group Ltd...
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JD.com: Rich Valuations on Razor-Thin Margins & Negative ROIC
JD.com's share price rose >20% after reporting a profitable 1Q17. Although the second-largest e-commerce player in China has big ambitions, it...
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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...
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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...
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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...
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