The Zhitong Finance App learned that Gaoxin Retail (06808) rose by more than 4%. As of press release, it had risen 4.24% to HK$1.72, with a turnover of HK$13.366,500.

Damo released a research report saying that Gaoxin Retail's potential improvement in same-store sales is a key factor driving up stock prices. The company's current stock price is about 70% of the bank's conservatively estimated net asset value (NAV) of 2.5 yuan per share, of which the bank assumes the 8 billion yuan provision needed to close about 200 stores. If its same-store sales improve and profits improve, the bank believes that its locked value can be released. Positive signs indicate that same-store sales fell between 6% and 7% from January to March, fell 2.8% in April, and increased by about 6% since May. Compared with 2019 levels, the decline in same-store sales narrowed markedly in April and May.

Huatai Securities, on the other hand, pointed out that in FY25, the company's management adjusted, once again placing emphasis on the essence of retail sales and price traction. The company plans to increase the supply of starting price products and fortress products, attract consumers to enter stores with high quality prices, and focus on cost reduction as the first goal. Considering the company's positive strategic adjustments, we are optimistic about the company's revenue recovery and profit and loss reversal in FY25.