Further Weakness as Sun Art Retail Group (HKG:6808) Drops 8.6% This Week, Taking Five-year Losses to 75%

While not a mind-blowing move, it is good to see that the Sun Art Retail Group Limited (HKG:6808) share price has gained 28% in the last three months. But will that repair the damage for the weary

Simply Wall StJun 9 20:47 ET

HK stocks abnormal | Sunart Retail (06808) fell by more than 4% again, and its subsidiary Xiaorunfa is rumored to suspend operations temporarily. The company responded that it is currently in an adjustment period.

According to the Zhicheng Financial APP, Sunart Retail (06808) fell more than 4% again, as of the press release, down 3.57%, at HKD 1.62, with a turnover of HKD 9.8579 million. In recent news, media reports that multiple channels of Xiaorunfa under the community supermarket format owned by Sunart Retail have ceased operation. Its official WeChat account and mini program have been shut down, and the store list cannot be displayed. On the evening of June 3, Darunfa responded that it is currently in an adjustment period. It is reported that Sunart Retail obtained revenue of RMB 72.567 billion in the 2024 fiscal year, a year-on-year decrease of 13.3%; shareholders posted a loss of 1.

Zhitong FinanceJun 4 02:02 ET

Changes in Hong Kong stocks | Gaoxin Retail (06808) fell more than 3% in the afternoon, it was revealed that it stopped operating the company and lost more than 1.6 billion dollars in fiscal year 2024

The Zhitong Finance App learned that Gaoxin Retail (06808) fell more than 3% in the afternoon. As of press release, it was down 3.43% to HK$1.69, with a turnover of HK$5.653,500. According to the news, according to media reports, several channels of Xiaorunfa have stopped operating under the community supermarket business of Gaoxin Retail. At the business level, Xiaorunfa's official account and mini program have all been suspended, and the list of stores cannot be displayed. Many small Runfa stores in places such as Nantong and Taixing have also closed their stores and moved out. Gaoxin Retail said, “Little Runfa is indeed making adjustments, but the statement of 'not doing it' is not strict, and there is no complete determination yet.” According to Gao Xin Zero

Zhitong FinanceJun 3 01:44 ET

Sun Art Retail Group Likely to Turn Profitable in FY 2025 -- Market Talk

0602 GMT - Sun Art Retail Group is likely to turn profitable in FY 2025, China Galaxy International analyst Lei Yang says in a research report, as the brokerage raises the stock's rating to add from h

WSJMay 28 02:02 ET

Sun Art Retail Group Raised to Add From Hold by China Galaxy International>6808.HK

Sun Art Retail Group Raised to Add From Hold by China Galaxy International>6808.HK

Dow JonesMay 28 01:55 ET

Damo: Target price of HK$1.6 for Gaoxin Retail (06808) “In sync with the market” rating

Gaoxin Retail (06808)'s potential improvement in same-store sales is a key factor driving up the stock price.

Zhitong FinanceMay 27 01:37 ET