Glonghui, March 25 | Bank of America Securities released a report lowering Gaoxin's retail target price from HK$3.2 to HK$2, maintaining its “buy” rating. It is believed that the company is still not out of trouble. It is estimated that same-store sales will drop by medium to high units in the second half of this year, and revenue will drop by more than 10% year-on-year. The bank believes that the company's profit visibility is still low, mainly because consumers are shifting to higher value, which will drag down the average sales price of products, while the rise of other retail channels, such as discount stores, will also affect same-store sales performance. It is estimated that the number of large stores will decrease. In addition to slowing down overall sales, it will also cause losses related to amortization or sales. Recently, it has been rumored that its major shareholders intend to restructure. If strategic investors with resources can be brought in, it will help improve long-term prospects.