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Haitong Int'l: NONGFU SPRING (09633.HK) Shows Resilience Amid Competition; TP Added to HKD59.8
2026-04-02 16:24:42
Haitong International issued a research report on NONGFU SPRING (09633.HK), which demonstrated resilience amid competition and achieved high-quality earnings growth in 2025.

Cost dividends and expense efficiency optimization drove profitability to a record highs, with revenue breaching RMB50 billion for the first time.

The broker raised its TP for the stock from the previous HKD55.9 to HKD59.8 and maintained an Outperform rating.
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