blockchaingamesonandroid| Gaoxin retail rose more than 5% in early trading and Morgan Stanley reiterated its "buy" rating
Gaoxin Retail (06808) continued to rise in early tradingblockchaingamesonandroid, up 5blockchaingamesonandroid.46%, closing at HK$1.74, with a turnover of HK$13.5605 million.
JPMorgan Chase released a research report saying that it reiterated the "buy" rating of Gaoxin Retail (06808), believed that negative factors had been basically reflected, and expected any turning point to push the stock price to rebound significantly. If Gaoxin Retail can realize its self-operated stores, there will be potential room for growth in its share price. The target price will be lowered from HK$2.8 to HK$2.5, mainly due to profit correction.
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