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<Research>CICC Keeps Outperform on WL DELICIOUS, Trims TP to HKD15
WL DELICIOUS (09985.HK) recorded vegetable product revenue of over RMB4.5 billion last year, lifting profit margin to 19.8%, according to a report from CICC. In 2H25, gross margins...
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<Research>CICC Keeps Outperform on WL DELICIOUS, Trims TP to HKD15
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WL DELICIOUS (09985.HK)  +0.230 (+2.564%)    Short selling $991.02K; Ratio 3.875%   recorded vegetable product revenue of over RMB4.5 billion last year, lifting profit margin to 19.8%, according to a report from CICC. In 2H25, gross margins for both of the company's vegetable and spicy snack products were 49.1%.

Taking into account the increased expense investment this year, CICC lowered its net profit forecast for WL DELICIOUS by about 2.2% to RMB1.673 billion and introduced a 2027 profit forecast of RMB1.928 billion.

Considering the recent valuation pullback in the sector, CICC cut its target price for WL DELICIOUS by about 14% to HKD15 but kept the Outperform rating unchanged.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-24 16:25.)

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