Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>BOCI Raises NONGFU SPRING (09633.HK) TP to $39.1 as Bottled Water Sales Expected to Rebound This Yr
Recommend 1 Positive 4 Negative 2 |
||||
|
||||
|
NONGFU SPRING (09633.HK)'s valuation premium remained supported, while bottled water sales are expected to rebound in 2025, BOCI released a research report saying. Therefore, the broker lowered its 2024-2026 revenue forecasts for NONGFU SPRING by 4-5%, and raised its target price to $39.1, corresponding to a 2025 projected PE ratio of 29.9x, with rating kept at Buy. Drawing on the experience of Japan's ready to drink (RTD) soft beverage market, sugar-free RTD tea experienced rapid growth and penetration during Japan's economic recession in 1990s, BOCI noted. The segment also experienced explosive growth in China over the past 3 years, and is expected to maintain double-digit sales growth from 2025 to 2026. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
