Sun Art Retail is facing challenges from changing trends in retail formats.
Taobao China, a wholly owned subsidiary of Alibaba Group, will effectively acquire a 36.16% stake in Sun Art from Kofu and Concord Greater China (under Ruentex, one of the two ultimate controlling shareholders). We were surprised by the transaction price of HKD 6.50 per share, which is below our fair value estimate of HKD 7.8 per share and the last close price of HKD 8.6 per share. We believe this is why the shares fell in the morning trading session. We think the transaction price discount was ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.