Improved Revenues Required Before Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. (SHSE:600655) Shares Find Their Feet

Simply Wall StDec 2 01:02 ET

Research reports: Everbright Securities: Shanghai Yuyuan Tourist Mart's core properties have strong location advantages, maintaining a "buy" rating.

Everbright's research reports pointed out that shanghai yuyuan tourist mart (600655.SH) third quarter performance is lower than our previous expectations, mainly due to the company's gold and jewelry business, impacted by the high gold price, retail sales fell short of expectations. Given the uncertainty regarding the future recovery of the gold and jewelry sector, the forecast for the company's 2024/2025/2026 net income attributable to the parent company is reduced by 60%/62%/63% to 1.11/1.181/1.253 billion yuan. The company's core properties have strong location advantages, and the gold and jewelry business has strong competitive advantages in regions such as East China, maintaining a 'buy' rating.

Gelonghui FinanceNov 6 03:46 ET

Shanghai Yuyuan Tourist Mart (Group)'s (SHSE:600655) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Simply Wall StNov 5 17:07 ET

Shanghai Yuyuan Tourist Mart Board Approves Share Buyback of Up to 200 Million Yuan

MT NewswiresNov 1 04:58 ET

shanghai yuyuan tourist mart (600655.SH): plans to invest 0.1 billion yuan to -0.2 billion yuan to repurchase shares.

格隆汇October 31st | shanghai yuyuan tourist mart (600655.SH) announced that the company plans to repurchase company shares for the implementation of company employee stock ownership plan or stock-based incentive. The total amount of funds for repurchasing shares shall not be less than RMB 0.1 billion (inclusive), and not more than RMB 0.2 billion (inclusive). The repurchase price shall not exceed RMB 8.50 per share.

Gelonghui FinanceOct 31 06:21 ET

Shanghai Yuyuan Tourist Mart Q3 Profi Up 5%, Revenue Falls 30%

MT NewswiresOct 30 04:42 ET