Gaoxin Retail (06808) rose nearly 5%. As of press release, it rose 4.88% to HK$1.29, with a turnover of HK$6.416,500.
The Zhitong Finance App learned that Gaoxin Retail (06808) rose nearly 5%. As of press release, it had risen 4.88% to HK$1.29, with a turnover of HK$6.416,500.
According to the news, the UBS Research Report pointed out that news circulating in the market is that Alibaba is considering reducing its retail asset holdings, driving up the company's stock price. According to reports, Ali and strategic investors are discussing related assets, while Alibaba management said that physical retail assets are non-core and loss-making businesses, and sales are reasonable, but it is expected that it will take time in response to market conditions.
The bank believes that although Gaoxin's retail stock price has risen, its market value of 10.9 billion yuan is still seriously undervalued because the net cash and overall value of investment properties is 20 billion yuan. Furthermore, Ali's potential sale may speed up Gao Xin's loss reversal, because the group may close loss-making stores in non-core regions, and labor arrangements will be more efficient. Although provision expenses may occur in the short term, they can increase annual profits in the long run.