The Zhitong Finance App learned that Gaoxin Retail (06808) rose more than 3%. As of press release, it had risen 2.82% to HK$1.82, with a turnover of HK$1984.16 million.

Morgan Stanley released a research report saying that if same-store sales improve, Gaoxin's retail profitability will improve, thereby unlocking its potential value. According to recent data, same-store sales fell 6% to 7% from January to March, the decline narrowed to 2.8% in April, and has grown by about 6% since May. Compared with 2019 levels, same-store sales declined significantly in April and May, showing positive signs of improvement. The bank pointed out that historically, pork prices have had a greater impact on Gaoxin's retail same-store sales, and recently pork prices have been rising on a weekly basis.

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.