The Zhitong Finance App learned that UBS released a research report saying that it is optimistic about Gaoxin's retail (06808.HK) transformation plan, but due to intense market competition on delivery platforms and the transformation and upgrading of offline food retail stores, the bank is still cautious about the short-term prospects. The target price for the share was maintained at HK$2.4, and the rating was “Buy”. The bank believes that through management's plans to reduce the number of SKUs, reduce the store area, and accelerate the launch of new products, Da Runfa's product strength is expected to improve. Management aims to increase the sales share of private label products from 3% now to 10% within three years and reach 20% over the long term.

The Zhitong Finance App learned that UBS released a research report saying that it is optimistic about Gaoxin's retail (06808.HK) transformation plan, but due to intense market competition on delivery platforms and the transformation and upgrading of offline food retail stores, the bank is still cautious about the short-term prospects. The target price for the share was maintained at HK$2.4, and the rating was “Buy”. The bank believes that through management's plans to reduce the number of SKUs, reduce the store area, and accelerate the launch of new products, Da Runfa's product strength is expected to improve. Management aims to increase the sales share of private label products from 3% now to 10% within three years and reach 20% over the long term.