powerballjackpotwinningnumbers| Big Bank Rating| Morgan Stanley: There is a 60% to 70% chance that Gaoxin's retail share price will rise in the next 60 days

editor2024-05-27 14:41:425Academia

Morgan Stanley publishes technical research reportpowerballjackpotwinningnumbersIt is expected that the stock price of Gaoxin Retail will rise in the next 60 days. The probability of this happening is expected to range from 60% to 70%, with a target price of 1powerballjackpotwinningnumbers.6 Hong Kong dollars and is rated "in sync with the market".

The report said that Gaoxin Retail's potential improvement in same-store sales was a key factor driving the stock price higher. The company's current share price is around the bank's conservatively estimated net asset value per share (NAV)2powerballjackpotwinningnumbers70% of HK$5, where the bank assumespowerballjackpotwinningnumbersA provision of 8 billion yuan was made to close about 200 stores. If its same-store sales improve and profits improve, the bank believes the value it has locked in can be released.

powerballjackpotwinningnumbers| Big Bank Rating| Morgan Stanley: There is a 60% to 70% chance that Gaoxin's retail share price will rise in the next 60 days

Positive signs are that same-store sales fell by between 6% and 7% from January to March, down 2.8% in April, and up about 6% so far in May. Compared with the 2019 level, the decline in same-store sales in April and May narrowed significantly. The bank said the food consumer price index (CPI) remained negative, but the mix was changing, with pork turning positive year-on-year in April, while fruits and eggs turning negative. Historically, pork prices have had a greater impact on Gaoxin Retail's same-store sales, and recently pork prices have been climbing on a weekly basis.