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<Research>Jefferies Lifts SUNART RETAIL (06808.HK) TP to $2.24, Rating Hold
Following a change in major shareholders (DCP Capital acquired Alibaba's stake in the company on 1 January 2025), SUNART RETAIL (06808.HK) is proceeding with its business trans...
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<Research>Jefferies Lifts SUNART RETAIL (06808.HK) TP to $2.24, Rating Hold
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SHORT SELL
 
STOCK INFO

Following a change in major shareholders (DCP Capital acquired Alibaba's stake in the company on 1 January 2025), SUNART RETAIL (06808.HK)  +0.100 (+4.386%)    Short selling $2.80M; Ratio 3.258%   is proceeding with its business transformation as planned, focusing on sales scale and absolute gross profit for FY2026, Jefferies published a research report saying.

Given the uncertainty in the macroeconomic environment, the focus for FY2026 is to maintain a stable trend in preparation for stronger growth in the future.

Jefferies updated its discounted cash flow model to a new forecast year, and lifted its target price by 12% to $2.24 from $2. Given the limited upside, the broker kept rating at Hold.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-30 16:25.)

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