Sun Art Retail: A Quick Run Through Fundamentals as Alibaba Takes the Helm
Sun Art is one of the largest hypermarket operators in China, with over RMB 95 billion revenue and RMB 4.6 billion OP. The company operates...
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Sun Art (6808 HK): Alibaba Takes Control
The Mulliez family exit the hypermarket operator, giving Alibaba majority control. That's a big vote of confidence for Sun Art.
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Nongfu Spring (农夫山泉) IPO: Bottle Size Matters, Photos on the Ground
We visited a supermarket RT-Mart (大润发) and a convenience store Lianhua (联华) in Shanghai. We believe Nongfu Spring’s advantages are (1) plastic...
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Battleground Spot For Global Equities
The risk of a pullback remains very real, however at this point the weight of the evidence suggests a meaningful pullback is not imminent. We recap...
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China E-Commerce as a Supermarket Play
COVID-19 is having a devastating human and economic impact across the globe. However, supermarkets and grocery delivery businesses (thanks to the...
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