Yonghui Superstores Likely to Benefit From Renovation Efforts -- Market Talk

Dow Jones12-10

0606 GMT - Yonghui Superstores may benefit from its store renovation efforts, China Galaxy International analysts say in a research report. The Chinese company has renovated 10 stores between June and September, which helped the stores turn a profit by October, driven by improved average selling prices and increased store traffic volumes. The supermarket chain operator plans to renovate one store per province as a sample for other outlets in the province to replicate, the analysts note. The brokerage raises the stock's target price to CNY5.80 from CNY2.40 while reiterating a hold rating. Shares are up 10.0% at CNY6.03. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

December 10, 2024 01:06 ET (06:06 GMT)

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The brokerage raises the stock's target price to CNY5.80 from CNY2.40 while reiterating a hold rating. Shares are up 10.0% at CNY6.03. 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The Chinese company has renovated 10 stores between June and...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0170","symbol_name":"新零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490052356","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490052356","pubTimestamp":1733810760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0606 GMT - Yonghui Superstores may benefit from its store renovation efforts, China Galaxy International analysts say in a research report. 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