Sun Art Continues Facing Challenges in the Structural Change of Retailing Market
Sun Art announced disappointing first-quarter earnings with revenue up by 2% and a flattish operating margin of 5%. This compares with our...
361 Views
Sun Art Released In-Line 2016 Annual Results, but the Expected Deal Didn't Come to Pass
Sun Art’s 2016 annual results are largely in line with our estimates, but the share price nosedived by about 13% as the company indicated that it...
276 Views
Relaunching Coverage of Sun Art Retail With No-Moat Rating, Negative Trend
We relaunch coverage of Sun Art Retail with a fair value estimate of HKD 6.2 per share and no-moat and negative moat trend ratings. Our fair value...
505 Views
CRE NewBrewCo Outperforming on MegaBrew? Sounds Thingish. Take a Page from Pooh
In the past week and a few days, The proposed AB InBev transaction for SABMiller ("MegaBrew") has sent CRE NEWBREWCO from the equivalent of...
427 Views
The Most Beauteous Beerholder Now Has Our Undividended Attention
Today, China Resource Enterprises, Limited (291 HK) sees its market price basically drop in half.Once upon a time a magnificent(?) conglomerate of...
393 Views