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<Research>CMBI Lifts NONGFU SPRING (09633.HK) TP to $60.88, Keeps Buy Rating
Recommend 1 Positive 2 Negative 0 |
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NONGFU SPRING (09633.HK)'s FY2025 revenue grew by 22.5% YoY to RMB52.6 billion, 4% higher than market consensus, CMBI published a research report saying. Net profit increased by 30.9% YoY to RMB15.9 billion, beating market consensus by 6%. The results were driven by the recovery of the drinking water business, stronger-than-expected tea and juice business, and a significant decrease in sales and administrative expenses following the Olympic year. Therefore, the broker kept rating at Buy, and lifted its target price by 5% to $60.88. From a sentiment perspective, CMBI believed that the positive results may have already been fully priced in, and the overall weak industry sentiment is expected to pressure the share price in FY2026. AASTOCKS Financial News Website: www.aastocks.com |
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