[Brokerage Focus] Haitong Securities maintains a 'better than market' rating on Nongfu Spring (09633) and is bullish on the company's continued good profitability.
Jingu Financial News | Haitong Securities' research report states that Nongfu Spring (09633) sales net profit margin increased from 19.31% in 2017 to 28.15% in 2023, with continued improvement in profitability. According to Wind, the average price of 24H1PET has decreased by 2.8% compared to the same period in 2023, while the average price of 24H1 corrugated paper has decreased by 6.5% compared to the same period in 2023. In addition, the company now has 12 major water source bases, and the Huangshan base officially started construction in 2023 (compared to the prospectus, the company only had 10 water sources when it went public), and the continuous expansion of water source bases layout will also...
Jefferies Expects 6.8% Rise in Nongfu Spring's H1 Net Profit
Brokers Rush to Cut Stock Targets on Nongfu Spring Given Selloff
Forbes has released the "2024 China's Best CEO" list, and Miniso's Ye Guofu has been listed for the first time.
On the afternoon of July 22, Forbes China announced the list of "Best CEO in China 2024," with the founder and board chairman and CEO of Miniso, Ye Guofu, ranking on the list alongside outstanding entrepreneurs such as Lei Jun, founder of Xiaomi, Wang Chuanfu, founder of BYD, and Zhong Shanshan, founder of Nongfu Spring. According to the list, multinational operation capability has become an important indicator for measuring the performance of Chinese CEOs. With his unique innovative management concepts and precise insight into market trends, Ye Guofu has led Miniso to achieve remarkable results on the global stage.
Hong Kong stocks anomalous movement | Tingyi (00322) surged by more than 3%, leading the beverage stocks. Institutions said that the demand for csi sws food & beverage index is limited to fluctuations and high dividends continue to benefit the stock price
Beverage stocks are rising collectively. As of press time, Tingyi (00322) rose 3.28% to HKD 9.76; U-Presid China (00220) rose 1.71% to HKD 6.56; Nongfu Spring (09633) rose 1.63% to HKD 34.3.
Northbound trading: Net buying of Tencent (00700) amounted to 1.4 billion, while the tracker fund of Hong Kong (02800) was sold off as it experienced net buying of 2.396 billion.
On July 18th, the Hong Kong stock market saw a net purchase of 2.396 billion HKD by mainland investors. Among them, the net purchase through the Shanghai-Hong Kong Stock Connect was 1.674 billion HKD, and the net purchase through the Shenzhen-Hong Kong Stock Connect was 0.722 billion HKD.
Hong Kong Consumer Council clarifies! Nongfu Spring is safe to drink, and its stock price has rebounded for two consecutive days.
Industry competition is becoming increasingly fierce.
Market Chatter: Nongfu Spring Says Hong Kong Consumer Council Report on Bromate Content in Water Inaccurate
【In-depth analysis of financial reports】Both Nongfu Spring and Baishan are struggling with bromate vortex, why have they become difficult brothers?
Author | Wu Ji A total of 3560 words, expected reading time of 10 minutes On July 15th, the Hong Kong Consumer Council released a drinking water test report, which pushed Nongfu Spring and Baishui to the forefront. The report stated that bromate was detected in the products of Nongfu Spring and Baishui, well-known domestic drinking water brands. Ingesting large amounts of bromate can lead to nausea, abdominal pain, vomiting, diarrhea, and in severe cases may affect the kidneys and nervous system. The news has attracted widespread attention online. According to the latest report from Qianjiang Evening News, on the afternoon of July 16, the Hong Kong Consumer Council responded to confirm that it had received one of the tested samples.
Why did nongfu spring drop 30% in two months?
Price war in the drinking water industry is becoming more and more intense.
[Special V] Guo Jiayao: Market is waiting for more bullish policy news, RMB is getting stronger, good news for the market performance.
Goldman Sachs News | US stocks rose on Friday, with market expectations of interest rate cuts heating up and bond yields continuing to fall, stimulating the market and pushing the Dow back above the 40,000 point mark. All three major indices recorded gains at the close. The US dollar continued to fall, with the yield on the 10-year US Treasury falling to 4.18 cents, causing gold prices to experience top reversal, and oil prices also softening. Hong Kong pre-market securities fell generally and the market is expected to open lower. The mainland stock market fluctuated on Friday, with the Shanghai Composite Index opening high and closing low, almost flat at the close, and the market turnover also decreased slightly. Hong Kong stocks further improved on Friday, with the index rising back above the 18,000 point level and market transactions also increasing. The market remains cautious.
China's richest man is going to fight a tough battle.
From a public relations crisis to a sustained decline in share prices, nongfu spring, known as the "Maotai in water", urgently needs to restore investor confidence. This time, Zhong Shanshan stepped forward.
Insiders At Nongfu Spring Sold CN¥69m In Stock, Alluding To Potential Weakness
[Brokerage Focus] CICC lowers Nongfu Spring's (09633) target price by 13.2%, citing weaker than expected performance in the first half of the year.
Jinwu Finance News | CICC International released a research report stating that Nongfu Spring (09633) shareholder Yangshengtang plans to use internal funds of no more than HKD 2 billion to increase its shareholding in the open market, which can be seen as a bullish signal by the market, indicating that the controlling shareholder believes that the company's stocks are undervalued. The bank believes that Nongfu Spring will vigorously invest in market promotion and brand building this summer to maintain its market share, and at the same time accelerate the introduction of new products in the first half of 2024. The bank expects sales to increase by 14.3% in the first half of 2024, with growth rates of 8% for packaged water/tea drinks/functional drinks/fruit juice drinks divisions.
Nongfu Spring Faces Margin Pressure on Fierce Competition -- Market Talk
What did the market see in Nongfu Spring (09633)'s HKD 2 billion shareholding plan?
In various subtle corners, Nongfu Spring has its own determination and code of conduct, almost unaffected by external interference and not overly ostentatious.
Citigroup: Maintains a "buy" rating for Nongfu Spring (09633) with a target price of 60.15 Hong Kong dollars.
After the market opened today, Citigroup expects to react positively to the news of the major shareholder's shareholding in Nongfu Spring (09633).
Nongfu Spring Backed by Shareholder's Billion-Dollar Trust
Nongfu Spring: Controlling Shareholder Yangshengtang to Buy Back Up to HK$2B in Shares
Nongfu Spring: Controlling shareholder Yangshengtang intends to increase shareholding of H shares by no more than 2 billion Hong Kong dollars.
Nongfu Spring (09633.HK) announced that the company has received a notification from its controlling shareholder, Yangshengtang Ltd., regarding its plan to increase shareholding in the company's H shares on the open market with its own funds for approximately six months from the date of the announcement. The plan is based on the recognition of the company's value and the confidence in its future overall business development and growth potential, with a total expected amount not exceeding HKD 2 billion.
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