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2024-04-23 07:30:00 ET Summary Sun Art lost 1.7 billion yuan in its latest fiscal year, as it tries to overhaul its business in the face of competition from grocers with stronger online components. The loss owed largely to store closure-related charges and the company’s fal...
2023-08-18 11:25:24 ET Sun Art Retail Group ( OTCPK:SURRY ) had declared $0.0506/share dividend. Payable Sept. 21; for shareholders of record Aug. 22; ex-div Aug. 21. See SURRY Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: ...
Summary Since 2020, insiders Masa Son, Jack Ma, and Joe Tsai have done nothing but sell shares of Alibaba. The trio has sold North of $40 billion of stock since 2020. Tsai recently registered to sell an additional $260 million. Competition from JD.com and Pinduoduo is beginning to s...
Investors continued to take profit off stocks that had seen a good run-up year-to-date and redeployed some proceeds into energy and materials names as well as reopening trades. Chinese equities were particularly hard-hit amidst the fanning of the flames of U.S.-China political te...
Alibaba (NYSE: BABA) generates most of its revenue from its e-commerce marketplaces in China, but it's also gradually expanded its brick-and-mortar presence in recent years. It opened its first Freshippo grocery store in early 2016, and the chain now operates 214 stores across China...
Sun Art Retail's earnings grew by +16.8% YoY in 1H 2020, but the company's earnings growth is expected to slow in 2H 2020 given expectations of weaker same-store sales growth. Sun Art Retail's multi-format store expansion plans with a focus on smaller stores in the spotlight. Sun ...
By ALT Perspective With a week choke-full of earnings beats at several Chinese Internet companies, we should have been celebrating a surge in share prices. Not forgetting that we started the week on a strong footing given the long-awaited confirmation that Alibaba Group's ( BABA ) Hong...
Elevator Pitch I maintain my "Neutral" rating on Hong Kong-listed Sun Art Retail (SURRY) (SURRF) [6808:HK], China's largest hypermarket operator which has transitioned into a "New Retail" model integrating both offline and online retail operations since late-2017. The current coronavirus o...
Elevator Pitch Hong Kong-listed Sun Art Retail ( SURRY ) ( SURRF ) [6808:HK], the largest hypermarket operator in China, underwent a transformation and embraced a new business model of "New Retail" since November 2017 when Alibaba ( BABA ) took a 36.2% stake in the company. "New Retail" is a...
The following slide deck was published by Sun Art Retail Group Ltd. ADR in conjunction with their 2017 Q4 earnings Read more ...
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Alibaba (NYSE: BABA) generates most of its revenue from its e-commerce marketplaces in China, but it's also gradually expanded its brick-and-mortar presence in recent years. It opened its first Freshippo grocery store in early 2016, and the chain now operates 214 stores across China...