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<Research>HTSC Lifts NONGFU SPRING (09633.HK) TP to $59.23 on Solid Operations Amid Food Delivery War
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The Office of the Central Commission for Financial and Economic Affairs stated that expanding domestic demand will be the top priority task next year, highlighting the theme of domestic demand, according to Huatai Securities' research report. NONGFU SPRING (09633.HK), as a leading soft drink company, was affected by the price war of the beverage industry among food delivery platforms this year, but the Company's operational stability stood out. The broker expected the Company's 2026 overall revenue to increase by 14% YoY, and raised its 2025-2027 net profit attributable to the parent company forecasts by -1%/ +1%/+ 3% to RMB14.9 billion/ RMB17.3 billion/ RMB19.5 billion each. Therefore, Huatai Securities lifted its target price from $56.37 to $59.23, with rating kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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