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<Research>G Sachs: NONGFU SPRING (09633.HK) Rated at Buy as 2025 Results Beat
Recommend 2 Positive 1 Negative 2 |
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NONGFU SPRING (09633.HK)'s 2025 sales/ net profit amounted to RMB52.6 billion/ RMB15.9 billion, representing YoY growth of 23%/ 31%, 3%/ 4% higher than Goldman Sachs' forecasts, Goldman Sachs released a research report saying. Of which, packaged water sales grew by 17.3% YoY. During the period, its gross profit margin expanded by 3.4 ppts, benefiting from the decline in costs of PET, paper pulp and sugar, as well as an increased proportion of tea beverages. Therefore, the broker kept rating at Buy, with a target price of $60. AASTOCKS Financial News Website: www.aastocks.com |
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