Sun Art Retail (06808) fell more than 3%. As of the time of writing, it dropped 3.13%, trading at HKD 1.55 with a turnover of HKD 14.0205 million.
According to Zhitong Finance, Sun Art Retail (06808) fell over 3%. As of the time of writing, it dropped by 3.13%, trading at HKD 1.55 with a turnover of HKD 14.0205 million.
In terms of market news, UBS Group recently issued a research report maintaining Sun Art Retail's target price at HKD 2.15 and a 'Buy' rating. The management of Sun Art Retail stated that despite short-term profitability still facing pressure, prudent capital expenditures will ensure healthy free cash flow, thus remaining confident in sustainable dividend payouts. Looking ahead to fiscal year 2027, the management plans to distribute dividends at a level comparable to the amount after deducting special dividends for fiscal year 2026, which is an annual dividend payout of CNY 1.5 billion, resulting in a dividend yield of 10%.
The management revealed that, impacted by a decline in average selling price (ASP) and a reduction in the number of items per order, the per-customer transaction value at the group's store channels is under significant pressure, with a double-digit drop. In November, overall customer traffic remained flat compared to the same period last year, with store channel traffic declining by 2%-3%, while online channel traffic grew by 3%-5%, offsetting part of the decline.
