Macquarie Cuts SUNART RETAIL TP to HKD1.3, Slashes Earnings Forecasts; Rating Neutral
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Macquarie has cut its target price for SUNART RETAILfrom HKD1.7 to HKD1.3, citing weak offline retail performance and a 10.6% YoY revenue decline. The company reported a net loss of RMB196 million for 2HFY2026. Macquarie forecasts low-single-digit revenue decline for FY2027 and has reduced its EPS forecasts significantly. Despite the challenges, the stock maintains a Neutral rating due to a 12% dividend yield.
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