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<Research>CLSA: Wahaha's Inheritance Dispute May Benefit NONGFU SPRING & CR BEVERAGE
The inheritance dispute within the family of Wahaha's late founder, Zong Qinghou, may affect the group's product sales and market share, CLSA wrote in its research report.I...
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<Research>CLSA: Wahaha's Inheritance Dispute May Benefit NONGFU SPRING & CR BEVERAGE
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The inheritance dispute within the family of Wahaha's late founder, Zong Qinghou, may affect the group's product sales and market share, CLSA wrote in its research report.

In contrast, Wahaha's peers NONGFU SPRING (09633.HK)  +1.800 (+4.009%)    Short selling $75.77M; Ratio 17.475%   and CR BEVERAGE (02460.HK)  +0.060 (+0.458%)    Short selling $40.21M; Ratio 16.489%   are expected to be beneficiaries that see their market share grow even faster as Wahaha has triggered negative perceptions regarding Zong's public image and corporate governance, potentially leading to changes in consumer preferences.

Related NewsHTSC Elevates NONGFU SPRING (09633.HK) TP to $53.59 w/ Rating Buy
CLSA has listed NONGFU SPRING as its top pick since March. Optimistic about its robust business recovery momentum, the broker gave it a High-Conviction Outperform rating with a target price of HKD45.

Believing that CR BEVERAGE's bottled water sales will remain stable this year and profit margin expansion will still be its main growth driver, the broker rated the company as Outperform with a target price of HKD17.7.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-24 16:25.)

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