No Data
Trending Industry Today: ALI PICTURES Leads Gains In Alibaba Ecosystem Stocks
Express News | Sun Art Retail - Received Approval by Samr With Respect to Merger Control Filing
Hong Kong stock market changes | SUNART RETAIL (06808) rose over 4% in the afternoon as Dehong Capital took over 78.7% of the shares, and Citigroup raised the profit forecast for SUNART RETAIL.
SUNART RETAIL (06808) rose over 4% in the afternoon, as of the time of writing, it rose 4.09%, reported at 1.78 HKD, with a trading volume of 14.4112 million HKD.
Macquarie: Maintains BABA-SW "Outperform" rating, Target Price lowered to HKD 133.1.
Macquarie released a Research Report stating that it has lowered the Target Price for BABA-SW (09988) from HKD 135.5 to HKD 133.1, maintaining an "outperform" rating. The firm has revised its adjusted EBITA forecast for the company for the third financial quarter ended last December and the next fiscal year down by 1% and 2%, respectively, to reflect the profitability performance of various departments. The firm pointed out that Alibaba sold its two largest non-core retail businesses, including Intime and SUNART RETAIL (06808), and reappointed Jiang Fan to lead the newly established e-commerce business group, which covers both local and international e-commerce operations. The firm believes this indicates the company's renewed focus on its core e-commerce business.
JP Morgan: Reiterates BABA-SW 'Shareholding' rating, raises Target Price to 120 Hong Kong dollars.
JPMorgan published a research report stating that it has raised the Target Price for BABA-SW (09988) by 3% from HKD 117 to HKD 120, reaffirming the "Shareholding" rating. The bank believes that, driven by cost control and various long-term upward drivers, profit growth is a natural by-product of market share stability and business improvement. The bank predicts that Alibaba's revenue for the fiscal year 2025 will increase by 8% year-on-year, which is 1% higher than the general market forecast, while the adjusted Net income is expected to grow by 14% year-on-year, 15% higher than market predictions. JPMorgan estimates that Alibaba's announcement to sell Intime and SUNART RETAIL (06808) will lead to Tmall.
SUNART RETAIL (06808): Xinbaili has been appointed as an independent financial advisor.
SUNART RETAIL (06808) issued a notice, SOMERLEY CAP Limited (a company that can operate under the Securities and Futures Ordinance for the purpose of...)
Sun Art Retail Group Limited (HKG:6808) Stock Rockets 35% As Investors Are Less Pessimistic Than Expected
