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Hong Kong stock movements | NONGFU SPRING (09633) surged over 4% in the morning session as the company launched a new quality-to-price ratio mineral water. Institutions claim that market share increases may exceed expectations.
NONGFU SPRING (09633) rose over 4% in early trading, and as of the time of writing, it has increased by 3.21%, trading at 33.8 Hong Kong dollars, with a transaction amount of 0.151 billion Hong Kong dollars.
Special Contributor David Deng: Due to factors such as geopolitical issues and central bank shareholding, it is advisable to pay attention to Gold Concept stocks.
Jinwu Finance | The Hang Seng Index closed at 19688 on Monday (6th), down 71 points or 0.36%. The total market turnover was 121.6 billion yuan for the day. The National Index closed at 7135, down 0.33%; the Tech Index fell 0.2%, closing at 4395. Domestic dining stocks showed weak performance. NONGFU SPRING (09633) fell 3.4%; the positivity rate of flu virus in mainland China continues to rise, and flu-related stocks are receiving attention. SHANDONG XINHUA (00719) surged 6.2%; the Dow Jones closed at 42706 points on Monday (6th), down 25 points or 0.06%; the S&P 500 rose 0.55%, closing at 5975 points; the NASDAQ soared.
Unpleasant Surprises Could Be In Store For Nongfu Spring Co., Ltd.'s (HKG:9633) Shares
[Brokerage Focus] China Merchants reiterates a "Strong Buy" rating on NONGFU SPRING (09633), stating that the company is expected to achieve both valuation and performance growth by 2025.
Jinwu Financial News | China Merchants has published a Research Report stating that NONGFU SPRING (09633) has launched green bottle water, positioning it as a strategic product to seize market share, which is a must-have. For small package water in ready-to-drink scenarios, sales rely more on channel push; green bottle water offers substantial benefits to channels, leading to positive willingness from Dealers and end retailers to stock up after its launch, and the company's market share began to recover in the second half of the year. Considering that it is challenging for Other brands to imitate, the market share of NONGFU packaging water is expected to exceed expectations. The company aims not only to restore market share to pre-public opinion event levels but also to further lead the market. The bank indicated that referring to experiences from the USA and Japan, the average consumption of packaged beverages in our country is expected to increase.
Nongfu Spring (HKG:9633) Seems To Use Debt Rather Sparingly
The CSI Consumer 360 index sector is under pressure as MENGNIU DAIRY (02319) falls by 4.59%. Institutions indicate that there is a lag in policy transmission, and the sustainability of consumer recovery remains to be observed.
Jinwu Financial News | The CSI Consumer 360 index Sector is generally under pressure, as of the time of writing, MENGNIU DAIRY (02319) has fallen by 4.59%, CHINA RES BEER (00291) has dropped by 4.13%, NONGFU SPRING (09633) has decreased by 3.31%, and HAIDILAO (06862) has declined by 3.41%. On the news front, Guoyuan International released a Research Report indicating that the consumption market will be weak in 2024, putting pressure on the Sector's fundamentals. After a brief rebound following the government's comprehensive policy rollout at the end of September, the market has retreated. Year-to-date, the Hang Seng Select Consumer Sector has fallen by 13.39%, underperforming the Large Cap; the Hong Kong Stock Shenwan Food & Beverage Index has seen a cumulative decline of 3.7.
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