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Sun Art (6808 HK): FY24 Unimpressive, But All Eyes On Potential Alibaba Sale
836 Views23 May 2024 15:37
The new CEO's strategy is to refocus on SSSG of offline traffic and restore price competitiveness. April and May SSSG improved.
What is covered in the Full Insight:
- Sun Art Retail's FY24 Report
- Sales and Net Profit Figures
- CEO Change and New Strategy
- Potential Alibaba Sell Off
- Prospects for Future Growth
Boomeranged on Wed, 25 Sep 2024 14:54
Note increased attention on the name given the Miniso-Yonghui deal. A few points here: 1) Miniso CEO was asked why pick Yonghui and not Sun Art, and he responded that Sun Art's store size is too big. Interesting comment but I believe it has more to do with PDL's involvement in transforming Yonghui. 2) JD has now exited Yonghui. Time for BABA to do the same exiting Sun Art?
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