Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>G Sachs Adds NONGFU SPRING's TP to HKD53.2; Outlook of Margin Expansion Optimistic
Recommend 3 Positive 5 Negative 2 |
||||
|
||||
|
NONGFU SPRING (09633.HK) delivered stable results for 1H25, with sales and net profit increasing by 16% and 22% YoY, respectively, according to a Goldman Sachs research report. Goldman Sachs estimated NONGFU SPRING's drinking water sector to accelerate its growth in 2H25 and 2026, while its tea and juice sectors will maintain strong momentum on the back of new product launches. The broker also reiterated its optimistic view on the high visibility of margin expansion in the beverage industry for NONGFU SPRING, given its persistent cost advantages, disciplined reinvestment by leading companies, and a focus on margins. NONGFU SPRING's 12-month target price was lifted from HKD48 to HKD53.2, with a Buy rating. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
