---
title: "UBS lowers the target price for SUNART RETAIL to 2.4 yuan, with the first half of the fiscal year's performance and dividend in line with expectations"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/265636661.md"
description: "UBS has lowered the target price for SUNART RETAIL to HKD 2.4, due to a 12% year-on-year decline in revenue to RMB 30.5 billion for the first half of the 2026 fiscal year, resulting in a net loss of RMB 123 million. The company's interim dividend is HKD 0.085 per share, with a dividend yield of 4.5%, in line with expectations. Based on competitive pressures and the impact of one-time costs, UBS has reduced its future earnings per share forecast by 14%"
datetime: "2025-11-13T03:36:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265636661.md)
  - [en](https://longbridge.com/en/news/265636661.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265636661.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/265636661.md) | [English](https://longbridge.com/en/news/265636661.md)


# UBS lowers the target price for SUNART RETAIL to 2.4 yuan, with the first half of the fiscal year's performance and dividend in line with expectations

UBS research report indicates that SUNART RETAIL (06808.HK) experienced a 12% year-on-year decline in revenue for the first half of the 2026 fiscal year, amounting to RMB 30.5 billion, and recorded a net loss of RMB 123 million, compared to a net profit of RMB 206 million in the same period last year. The bank noted that the one-time drag factors for the first half of the fiscal year included a year-on-year decrease in interest income of RMB 84 million, costs related to business optimization in the Central China region, and reduced rental income during store renovations. The company declared an interim dividend of HKD 0.085 per share, with a total dividend payout of RMB 735 million, resulting in a dividend yield of 4.5%, in line with market expectations and management guidance.

Due to competitive pressures, one-time cost burdens, and negative tax impacts, the bank has lowered its earnings per share forecast for SUNART RETAIL for the fiscal years 2026 to 2028 by 14% to 79%; the target price has been reduced from HKD 2.7 to HKD 2.4, with a rating of "Buy."

### 相關股票

- [SUNART RETAIL (06808.HK)](https://longbridge.com/zh-HK/quote/06808.HK.md)

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