Operationally, Sun Art Is on Track to Improve Efficiency With Help of Alibaba
We maintain our HKD 7.80 fair value estimate for no-moat Sun Art and believe the shares are fairly valued at the moment. We continue to see progress resulting from Sun Art’s partnership with Alibaba and do not expect a major financial uplift this year. We expect revenue growth to accelerate to midsingle digits starting next year with a five-year revenue compound annual growth rate of 5% while net income should see a high-single-digit increase starting next year with a five-year net income CAGR o...Sun Art Retail Group is an investment holding company, engaged in the operation of hypermarkets in the People's Republic of China (PRC), under two banners of Auchan and RT-Mart. As of Dec 31 2014, Co. had a total of 372 hypermarket complexes in China, with a total gross floor area of approximately 10,277,525 sq. m.
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