[ET Net News Agency, 8 November 2023] UBS lowered its target price for Sun Art Retail
(06808) to HKD2.3 from HKD4.55 and maintained its "buy" rating.
The research house said it expects a one year delay in its previously forecast recovery
pace.
It now forecasts a net loss in FY24 and cuts FY25/26E EPS 43%/37%, to -3%/+3% vs Thomson
Reuters consensus. (RC)