Haitong Int'l: Gives a "outperform" rating to Wei Long Flavor (09985), with a target price of HKD 8.99.

Zhixun Finance APP learned that Haitong Int'l has released a research report stating that it has initiated coverage of Weilong Delicacy (09985) with a rating of "outperform the market". The total revenue from 2024 to 2026 is expected to be RMB 5.599 billion, RMB 6.367 billion, and RMB 7.136 billion, respectively, and the main business income will be RMB 5.584 billion, RMB 6.351 billion, and RMB 7.121 billion. The net profit will be RMB 1.03 billion, RMB 1.209 billion, and RMB 1.393 billion, corresponding to an earnings per share estimate of 0.44, 0.51, and 0.59 yuan, with a target price of HKD 8.99. The company is a leading Chinese spicy snack food business,

Zhitong FinanceJul 3 23:32 ET

[Brokerage Focus] Haitong Securities first gave a "outperform" rating on Wei Long Flavor (09985), citing its outstanding profitability.

Jingu Finance | Haitong Securities' research report shows that Weilong Delicious (09985) is China's leading spicy snack food enterprise, with revenue increasing from 2.752 billion yuan in 2018 to 4.872 billion yuan in 2023 (CAGR=12.10%), maintaining steady growth. The bank believes that the spicy sauce snack food industry has broad prospects and the company's individual products still have room for significant growth. In addition, the company adheres to the product strategy of "multicategory, large single product", covering seasoning noodle products, vegetable products, bean products and other product categories. Among them, the profitable ability of the classic single product in the seasoning noodle product category continues to improve, while the second curve of the vegetable product category is growing rapidly.

金吾財訊Jun 25 03:46 ET

Weilong Delicious Global Units and Affiliate Invest 100 Million Yuan in JV Firm

Two units of Weilong Delicious Global Holdings (HKG:9985) along with He He Investment will subscribe for a total of nearly 100 million shares in JV firm HONGLONG International Holdings for 100 million

MT NewswiresJun 21 06:25 ET

Wei Long Mei Wei (09985) subscribed to Red Dragon International's shares according to its shareholding ratio.

Weilong Delicious (09985) announced that on June 20, 2024, the company signed a strategic cooperation agreement with Hehe Green Concept and Hehe ...

Zhitong FinanceJun 20 06:55 ET

Weilong Delicious (09985.HK) has signed a supplementary joint venture agreement with Hehe Green Concept and Hehe Group for innovation.

On June 20th, Gelonhui announced that Weilong Delicious (09985.HK) signed a supplementary joint venture agreement with Hehe Green Concept and Hehe Group Innovation on June 20, 2024. According to this, the contracting parties agreed that Listco SPV 1, Listco SPV 2, and the controlling shareholder SPV must subscribe for the new 80,999,190 shares, 9,499,905 shares, and 9,499,905 shares of the joint venture respectively, in accordance with their current shareholding ratios in the joint venture company, Red Dragon International Holdings Co., Ltd. The subscription prices are RMB 81.

Gelonghui FinanceJun 20 06:46 ET

Investor Optimism Abounds WEILONG Delicious Global Holdings Ltd (HKG:9985) But Growth Is Lacking

With a price-to-earnings (or "P/E") ratio of 14.8x WEILONG Delicious Global Holdings Ltd (HKG:9985) may be sending very bearish signals at the moment, given that almost half of all companies in Hong K

Simply Wall StJun 17 00:38 ET