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[Brokerage Focus] Bocom Intl cuts Nongfu Spring's (09633) target price by 42.5%, but expects overall business to achieve steady recovery.
Bocom Intl released a research report, stating that Nongfu Spring (09633) achieved a year-on-year sales growth of 8.44% in the first half of the year, with a gross margin decrease of 1.4 percentage points to 58.8%, and a net income growth of 8.0%, corresponding to a net income margin of 28.1%. The packaged drinking water business was significantly affected by public opinion, while the tea and juice business performed well. The bank pointed out that the impact of public opinion is gradually diminishing, and the sales of drinking water in the summer months (July and August) are in line with the company's expectations. Overall, the business is expected to achieve a steady recovery. The rapid growth of the tea and juice business reflects the company's brand building capability and new product promotion capability.
[Featured Big V] Guo Jiayao: The overall market sentiment has improved, and the index is expected to challenge the resistance at 18,000 points.
Golden Finance News | Individual developments in the US stock market on Thursday, with no surprise in the performance of technology stocks, which dragged down the S&P 500 Index and the Nasdaq. Funds flowed into traditional stocks, while the Dow Jones Industrial Average hit a new historical high, and the three major indexes closed with mixed gains and losses. The US dollar strengthened, and the yield on the 10-year US Treasury bonds rose to 3.86 basis points. Gold prices retreated from their highs, while oil prices fluctuated and improved. Individual developments were seen in Hong Kong listed pre-reform securities, with expectations of little change in the overall market in the morning. The mainland stock market fell yesterday, with the Shanghai Composite Index opening and closing lower, down 0.5%, and the trading volume in the Shanghai and Shenzhen stock markets increased significantly. Hong Kong stocks performed well, and the Renminbi strengthened, buoyed by the performance of technology stocks.
Earnings Release: Here's Why Analysts Cut Their Nongfu Spring Co., Ltd. (HKG:9633) Price Target To HK$38.21
Jefferies Adjusts Nongfu Spring's Price Target to HK$30 From HK$37.40, Keeps at Hold
On August 28th, the net inflow of southbound funds was nearly 2.7 billion Hong Kong dollars: significant increase in holdings of Nongfu Spring and Anta, large outflow of Tencent.
① The southbound capital had a daily turnover of approximately 25.9 billion Hong Kong dollars. Which stocks continued to receive inflows of funds? ② Tencent's capital outflow reached 0.6 billion Hong Kong dollars. What is the short-term trend of funds?
Northbound capital flows: Net buy of 2.668 billion in CSOP Hang Seng Tech Index ETF (03033), with an additional purchase of 0.7 billion HKD. China mainland banking stocks were sold off.
On August 28th, in the Hong Kong stock market, the net purchase of Northbound funds was 2.668 billion Hong Kong dollars, of which the net purchase of Hong Kong Stock Connect (Shanghai) was 1.979 billion Hong Kong dollars, and the net purchase of Hong Kong Stock Connect (Shenzhen) was 0.689 billion Hong Kong dollars.
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Deep Sea : If Nvidia doesn’t exceed expectation, the stock price might drop to 100 and 105.
Deep Sea : Even if Nvidia meets expectation, the stock price might not rocket up further, as it is already overvalued and appreciated more than 100% this year alone.
DouGiee Deep Sea : highly likely wont hit a 4 tril market cap
Deep Sea DouGiee : True. Very scary for a stock to hit above a trillion market cap. How sustainable is it? This is the question everyone should be thinking
DouGiee Deep Sea : i feel that even though it has a stunning growth rate, a 3 trillion mkt cap company producing a revenue of 100 bil a year, compared to something like apple producing 400bil a year, will have a significant drop even if signs of revenue starts slowing down. my opinion is, if it doesn't hit 30 bil in revenue this time, there will be a fall of at least 10%
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