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Lyon: Continues to list ANTA SPORTS as the top choice for Consumer stocks. Recommends MENGNIU DAIRY, NONGFU SPRING, and H World Group.
Lyon has released a Research Report stating that the State Council Information Office announced a special action plan to boost Consumer spending yesterday, and the policy tone generally aligns with market expectations. The attitude of companies during the earnings period and retail sales data will be crucial moving forward. The firm noted that since last Friday, Chinese Consumer stocks have been leading the trend of consumer policies, with high-volatility stocks such as sportswear, Baijiu (Chinese Liquor), and Dairy Products performing excellently, mainly due to support from valuation recovery. It is predicted that this year's national support policies will continue to be Bullish for domestic alternative investment themes, sportswear, IP, and the Baijiu industry, while being relatively unfavorable for the tourism industry. Lyon indicated that within the essential Consumer sector, it is most Bullish on sportswear.
Nongfu Spring Updates Board of Directors and Committee Roles
NONGFU SPRING (09633.HK): Stanley Yi Chang has resigned as an independent non-executive Director.
Gelonghui reported on March 17 that NONGFU SPRING (09633.HK) announced that its independent non-executive Director Stanley Yi Chang has resigned from his position as an independent non-executive Director, as well as his roles as a member and chairman of the Audit Committee and a member of the Nomination Committee, effective March 17, 2025.
NONGFU SPRING (09633.HK) plans to hold a Board of Directors meeting on March 25 to approve the annual performance.
Gelonghui reported on March 13 that NONGFU SPRING (09633.HK) announced that the Board of Directors meeting will be held on March 25, 2025 (Tuesday) to review and approve the performance and its release for the year ending December 31, 2024, and to consider the proposal for a final dividend (if any).
NONGFU SPRING: NOTICE OF BOARD MEETING
Jiangtian Technology is pushing for an IPO, focusing on labels, with Yangshengtang/NONGFU SPRING as the primary customer.
At the beginning of 2025, the food packaging Industry welcomed a wave of IPOs. On January 23, McDonald's and the tableware supplier for Bawang Chaji, Fuling Co., Ltd. (001356.SZ), successfully listed on the Shenzhen Stock Exchange Main Board; soon after, the paper cup supplier for Luckin and Heytea, Hengxin Life (301501.SZ), opened for subscription on March 7 and is about to land on GEM; in addition, the Plastics product supplier for Mixue Ice City and Xiangpiaopiao Food, Xintianli, has recently submitted its listing application to BSE. At the same time, Jiangtian Technology, the supplier of food labels for Xintianli, also updated its listing status. According to new stock news from Gelonghui, Suzhou Jiangtian.
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