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<Research>CMBI Initiates CR BEVERAGE (02460.HK) at Buy, TP $18.84
CMBI initiated CR BEVERAGE (02460.HK) at Buy. The report pointed out that the company is one of the duopolists in China's packaged drinking water market. Based on sales in 2023...
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<Research>CMBI Initiates CR BEVERAGE (02460.HK) at Buy, TP $18.84
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CMBI initiated CR BEVERAGE (02460.HK)  -0.140 (-1.203%)    Short selling $2.55M; Ratio 1.452%   at Buy. The report pointed out that the company is one of the duopolists in China's packaged drinking water market. Based on sales in 2023, it had a 33% market share in the purified water market. Despite the deteriorating market environment, the company still managed to consolidate its position in the industry. The broker was optimistic that the company will enter a second growth trajectory, underpinned by herbal tea and functional drinks.

CMBI also said that CR BEVERAGE is the only state-owned enterprise in the industry, and its own production capacity and nationwide layout will drive enhancements in operational efficiency. The broker gave a target price of $18.84.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-08 16:25.)

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