Jefferies Maintains 'Hold' on Sunart Retail Amid Projected Full-Year Net Loss

Stock News04-21

According to a research report, Sunart Retail (06808) has issued a profit warning, forecasting a net loss between 300 million and 350 million yuan for the 2026 fiscal year. This implies a net loss of approximately 177 million to 227 million yuan for the second half of the 2026 fiscal year. The primary reasons cited for the loss are a decline in same-store sales, alongside decreases in both the average transaction volume and the average selling price. Additionally, rental income has also been reduced. The company is scheduled to announce its full results on May 20th. The market's focus is expected to be on operational updates regarding same-store sales trends, dividend policies, and progress on its three-year strategic plan. The financial institution has maintained its 'Hold' rating and a target price of HK$1.90.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment