[ET Net News Agency, 23 May 2024] HSBC Global Research raised the target price for Sun
Art Retail (06808) to HKD1.7 from HKD1.13 and maintained the "hold" rating.
The research house said if a change in the controlling shareholder materialises, it
could trigger a general offer, which could support the current share price. However,
earnings could linger around breakeven, given the market competition and uncertainty
around a potential change in the controlling shareholder. (rc)