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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
Nongfu Spring Target Price Cut to HK$48.00 From HK$55.30 by CCB International >9633.HK
Nongfu Spring Target Price Cut to HK$48.00 From HK$55.30 by CCB International >9633.
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).
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