[ET Net News Agency, 14 February 2024] UBS lowered the target price for Sun Art Retail
(06808) to HKD2.08 from HKD2.30 and maintained the "buy" rating.
The research house said BABA's potential disposal of its retail business could
accelerate Sun Art's turnaround. Potential measures that Sun Art can employ include
closure of loss-making stores and more efficient labour usage. (RC)