Core Viewpoint - UBS expresses optimism regarding the transformation plan of Gao Xin Retail (06808), but maintains a cautious outlook on the short-term prospects due to intense competition in the delivery platform market and the challenges of upgrading offline food retail stores [1] Group 1: Transformation Strategy - The management aims to reduce the number of SKUs and decrease store sizes while accelerating the launch of new products, which is expected to enhance the product strength of RT-Mart [1] - The goal is to increase the sales proportion of private label products from the current 3% to 10% within three years, and to reach 20% in the long term [1] Group 2: Stock Rating and Price Target - UBS maintains a target price of HKD 2.4 for the stock and rates it as "Buy" [1]
瑞银：对高鑫零售(06808)转型计划持乐观态度 维持目标价2.4港元