HK Stock Market Move | SUNART RETAIL (06808) increases by more than 3%, UBS is optimistic about the company's transformation plan, and RT-Mart's product strength is expected to improve.

SUNART RETAIL (06808) rose more than 3%, at the time of writing, up 3.57% to 1.74 Hong Kong dollars, with a turnover of 5.3693 million Hong Kong dollars. In recent news, SUNART RETAIL announced that Li Weiping has been appointed as the Executive Director and CEO of SUNART RETAIL, while Shen Hui has resigned from the positions of Executive Director and CEO of SUNART RETAIL due to family reasons. These personnel changes will officially take effect on December 1, 2025. The announcement stated that Li Weiping has been deeply involved in the retail industry for 26 years, having joined Hema in 2018 and held important positions such as General Manager of North China Beijing Region, CEO of Hema Fresh, and Chief Merchandising Officer of Hema. UBS expressed optimism about SUNART RETAIL's transformation plan, but due to intense market competition in the delivery platform sector and the upgrade of offline food retail outlets, the bank remains cautious about the short-term outlook. UBS mentioned that by reducing SKU numbers through management, shrinking store areas, and accelerating the launch of new products, the product strength of Suning Tesco is expected to improve. The management's goal is to increase the sales of own brand products from the current 3% to 10% within three years, and to reach 20% in the long term.