Gaoxin Retail (06808) is now up more than 8%. As of press release, it has risen 8.06% to HK$1.34, with a turnover of HK$11.423,300, and a total market value of HK$12.783 billion.
The Zhitong Finance App learned that Gaoxin Retail (06808) is now up more than 8%. As of press release, it has risen 8.06% to HK$1.34, with a turnover of HK$114.23,300, and a total market value of HK$12.783 billion.
According to the news, UBS previously 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 is discussing related assets with strategic investors, while Ali management said that physical retail assets are a non-core and loss-making business, 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.