crashbandicoot4price| Big Bank Rating| JPMorgan Chase: Lowering Gao Xin's retail target price to HK$2.5 and reiterating its "Buy" rating

Gelonghui May 23| JPMorgan Chase issued a report sayingcrashbandicoot4price, Gaoxin Retail turned to a loss of 1.6 billion yuan in the last fiscal year. Management pointed out during a telephone briefing that same-store sales trends and profitability showed signs of improvement in April and May and exceeded their expectations, so the fiscal year 2025 goal is for same-store sales to be flat or slightly increased year-on-year, rental income remained stable while turning a profit. Mocom will set the retail target price of Gaoxin from 2crashbandicoot4priceThe downward revision of HK$.8 to HK$2.5 was mainly due to the revision of earnings, reiterated the "Buy" rating, believed that negative factors had been basically reflected, and expected that any turning point would push the stock price to rebound significantly. If Gaoxin Retail can realize its self-operated stores, there will be potential room for stock price growth.