Consumer Staples Merchandise Retail

SUNART RETAIL

Alibaba

Conference Minutes

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BABA

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HBBD

688688

06808

Below is Dolphin Research's Trans of $Alibaba(BABA.US) FY26 Q3 earnings call.For our full take, see 'Alibaba: E-com Slips Again, AI Is the Lifeline'.1) Shareholder returns: as of Dec 31, 2025, the company held net cash of $42.5bn. Excluding debt maturing beyond five years, net cash exceeds $60bn, underscoring balance-sheet strength that supports continued investment.2) Performance trends: consolidated revenue was RMB 284.8bn. Excluding Sun Art Retail and Intime revenue, ...

BABA-W

BABA-WR

Sunoco LP

Alibaba HK SDR 5to1

ANT GROUP

BABA (Trans): Flash Sale 2-yr target RMB 1tn; AI + Cloud 5-yr target RMB 700bn---

Financial Analysis

HMTD

03690

83690

MPNGY

KBAB

BABO

BABX

09618

00700

NVDA

89618

TCEHY

TCTZF

80700

NVDL

HJDD

HTCD

$Alibaba(BABA.US) released its Q2 FY2026 results during US pre-market trading on 25 November. The two key market concerns this quarter centred on investments driven by its food delivery business and the growth trajectory of its cloud operations: Regarding the former, food delivery losses this quarter are estimated at approximately ¥36 billion, falling within the lower end of the company's prior guidance range. Meanwhile, cloud services revenue growth accelerated beyond expectations to 34.5%, with profit margins remaining stable year-on-year – outperforming already robust projections. Bloomberg's consensus estimates were not updated in time for this quarter, rendering them of limited reference value...

Meituan HK SDR 5to1

MEITUAN

MEITUAN-WR

Meituan

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

JD-SW

TENCENT

NVIDIA

JD.com

JD-SWR

Tencent

Tencent Holdings Limited

TENCENT-R

GraniteShares 2x Long NVDA Daily ETF

JD HK SDR 10to1

Tencent HK SDR 10to1

AI shapes the soul, consumption shapes the roots, has Alibaba finally stood up?

Sun Art Retail Releases 2026 Full-Year Results: EBITDA Hits 3.157 Billion RMB, Private Label Sales Surge Over 60%

SUNART RETAIL released FY2026 9 Months Earnings on May 18 (BJT), actual revenue HKD 51.68 B, actual EPS HKD -0.0233

SUNART RETAIL released FY2026 Q3 earnings on May 18 (BJT), actual revenue HKD 18.32 B, actual EPS HKD -0.0092

SUNART RETAIL released FY2026 earnings on May 18 After-Market (BJT), actual revenue HKD 70.34 B (forecast HKD 71.96 B), actual EPS HKD -0.0332 (forecast HKD 0.0134)

SUNART RETAIL released FY2026 Q4 earnings on May 18 After-Market (BJT), actual revenue HKD 18.67 B, actual EPS HKD -0.0094

SUNART RETAIL to Release FY2026 Annual Earnings on May 18 After-Market (BJT), Forecast Revenue HKD 73.29 B, EPS HKD 0.0154

High Sun Retail Says Unable to Contact CEO Li Weiping

Sun Art Retail clarifies CEO Li Weiping has not been taken away

UBS Maintains Buy Rating on Highsun Retail, Company Aims to Maintain 10% Dividend Yield

UBS Optimistic About Highsun Retail's Transformation Plan But Cautious in the Near Term

High Sun Retail's Profit Turned to Loss as Transformation Pains Intensify

SUNART RETAIL released FY2026 Q1 earnings on November 11, 2025 (BJT), with actual revenue of HKD 16.69 B and EPS of HKD -0.0054

Gaoxin Retail Reports a Mid-Year Loss of 123 Million Yuan

High Sun Retail Reports Revenue of 30.5 Billion Yuan in First Half of the Year

SUNART RETAIL released FY2026 Q2 earnings on November 11 After-Market BJT, actual revenue HKD 16.67 B, actual EPS HKD -0.007

SUNART RETAIL released FY2026 Semi-Annual Earnings on November 11 After-Market (BJT), actual revenue HKD 33.36 B (forecast HKD 37.91 B), actual EPS HKD -0.0141

Sunart Retail FY2026 Q2 Earnings Release on November 11, 2025 After-Market BJT

Gaoxin Retail Incurred Net Loss of About CNY 110 Million to CNY 140 Million in the First Half of the Year

Macquarie Downgrades Gaoxin Retail's 2026 Fiscal Year Profit Forecast and Rating

Gaoxin Retail's Shareholders Deposit Shares into Citibank and Announce Profitable Annual Report

CH DEMETER FIN

FAMEGLOW

LUEN THAI

NEW GONOW RV

REF HOLDINGS

PARADISE ENT

WEBX HOLDING

HAICHANG HLDG

BEST FOOD HLDG

INTELLIMARK W27

Earning Release

业绩披露

2026.05.18 Announced FY2026 Q4 Earning Release (HKD) Revenue 18.67 B, Net Income -111.11 M, EPS -0.0094

Ordinary dividend (cash)

Ex Date: 2026.06.02, Cash dividend 0.085 HKD

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QINGSONG HEALTH(02661) fell 60.34%, with a trading turnover 260.9 Million HKD, and a year-to-date fell 11.9%. GUOXIA TECH(02655) fell 12.46%, with a trading turnover 738.2 Million HKD, and a year-to-date fell 4.4%. ZHIDA TECH(02650) fell 11.7%, with a trading turnover 51.4 Million HKD, and a year-to-date fell 1%.

Top Gainers&Losers

QINGSONG HEALTH

GUOXIA TECH

ZHIDA TECH

RADIANCE HLDGS

GUAN CHAO HLDGS

CHINA SANJIANG

SIMCERE PHARMA

XUANZHUBIO-B

Top 10 HK Stock Losers (4.20)

The research report from Jefferies indicates that SUNART RETAIL is expected to record a net loss of RMB 300 million to 350 million in the fiscal year 2026, mainly due to a decline in same-store sales and reduced rental income. The company will announce its performance on May 20, and the market will focus on same-store sales trends, dividends, and updates on the three-year strategic plan. Jefferies maintains a "Hold" rating on the stock, with a target price of RMB 1.90 unchanged

AASTOCKS

Jefferies Financial

Credit Suisse: SUNART RETAIL is expected to record a net loss for the full year, maintaining a "Hold" rating

SUNART RETAIL is expected to record a net loss of approximately HKD 300 million to HKD 350 million for the year ending in March, compared to a net profit of HKD 386 million in the same period last year, marking a shift from profit to loss. Although the gross profit margin has slightly rebounded, overall profitability is under pressure due to a decline in the number of transactions and the average selling price of goods. The company will continue to promote its omnichannel strategy to enhance product competitiveness. The stock price opened lower on Monday at HKD 1.43, down 7.14%, with a cumulative decline of about 17% year-to-date

BambooWorks

Brief: SUNART RETAIL is expected to incur a loss of at least 300 million yuan last year

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Hong Kong stocks rose moderately during intraday trading, with the three major indices collectively in the green, and the Hang Seng TECH Index rising 0.67%. In terms of sectors, consumer retail performance diverged, with SUNART RETAIL up 3.18%. Meituan's 9.87% gain boosted market sentiment, while POP MART slumped over 20%. The market is focusing on the Federal Reserve's moves and economic data such as the Manufacturing PMI, maintaining an overall pattern of volatile consolidation

- As of March 25, Hong Kong stocks are moderately rising, with major indices showing gains; the Hang Seng Index is up 0.35% to 25,151.91, yet has not surpassed the March 20 peak.  
- Market sentiment remains cautious due to fluctuating local consumption and employment indicators, with investors monitoring key economic metrics and uncertainties from the Federal Reserve's policy direction.  
- Notable stocks include CSPC Pharmaceutical, rising 3.36% with a transaction volume of HKD 663 million, and Jiangxi Copper, increasing 4.35% with a volume of HKD 589 million.

Market Pulse

POP MART

XIAOMI-W

CNOOC

YOFC

BYD COMPANY

ZIJIN MINING

SMIC

CSPC PHARMA

JIANGXI COPPER

DONGFANG ELEC

GIGADEVICE

WANGUO GOLD GP

Hang Seng TECH Index

HSTECH ETF

Hang Seng Index

Hong Kong Stocks Intraday | Hang Seng Index Rises 0.35%, Retail Diverges, Meituan Rises 9.87%

SUNART RETAIL clarified that reports regarding CEO Li Weiping being taken away by the police are false and have reported to the authorities. Li Weiping is currently working normally. He was appointed as Executive Director and CEO on November 30 last year, with 20 years of retail management experience. Recently, some media reported that Li Weiping might have been taken away due to issues during his time at Hema, but the company stated that this information is untrue

SUNART RETAIL: CEO Li Weiping being taken away by the police is false news; has reported to the police

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36Kr learned that the Hang Seng Index rose by 0.67%, and the Hang Seng Tech Index increased by 0.82%; the non-ferrous metals, retail, and transportation sectors led the gains, with MMG rising over 12%, SUNART RETAIL up over 8%, and COSCO SHIPPING Energy up over 4%; the consumer, healthcare, and paper sectors saw the largest declines, with Huajian Medical down over 15%, Pop Mart down over 4%, and Chenming Paper down over 2%; southbound funds had a net purchase of HKD 2.148 billion

36Kr

The Hang Seng Index closed up 0.67%, and the Hang Seng Tech Index rose 0.82%

SUNART RETAIL(06808.HK)