Alibaba's subsidiary Sun Art Retail stands to benefit from its parent's restructuring initiative, unlocking value for shareholders
Boomeranged on Tue, 24 Sep 2024 10:08
Macquarie raised Sun Art Retail to OUTPERFORM with a Target Price of HK$1.83. Sun Art is increasing the price competitiveness by increasing low price options for a wider range of food and other daily products. It continues to expand its customer base through memberships and different store formats. JPM has an OVERWEIGHT on the stock targeting a turnaround in FY25.
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