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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
Many Nongfu Spring Co., Ltd. (HKG:9633) insiders ditched their stock over the past year, which may be of interest to the company's shareholders. Knowing whether insiders are buying is usually more
[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
0333 GMT - Nongfu Spring faces near-term margin pressure amid fierce competition and higher promotional discounts, CCB International analysts Anita Du and Anita Chu say in a note. They think the
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