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Are Investors Undervaluing Eastroc Beverage(Group) Co., Ltd. (SHSE:605499) By 35%?
The consumer leader has grown by 80% this year, booming against the trend.
Steady happiness.
Research Reports Gold Mining | HAITONG SEC: Assigning Dongpeng Beverage a "Better than Market" rating, Target Price 264.90-309.05 yuan.
HAITONG SEC Research Reports point out that Dongpeng Beverage (605499.SH) will continue to experience high growth in revenue and profitability in 2024. On the revenue gross margin side, this is due to the company's continued implementation of a full-channel strategy, while actively expanding national sales channels, driving the sales growth of the 500ml gold bottle and new products like "Dongpeng Water Supply." In 2024, the company's revenue is expected to grow by 40.63% year-on-year. Benefitting from the decline in raw material prices, the gross margin increased by 1.74 percentage points to 44.81%, resulting in a gross profit amount that increased by 46.30% year-on-year to 7.097 billion yuan. On one hand, the company maintains its leading position in the energy drink market.
Jefferies Adjusts Eastroc Beverage (Group)'s Price Target to 260 Yuan From 256 Yuan, Keeps at Buy
Eastroc Beverage's Profit Jumps 63%, Operating Income Rises 41% in 2024
The beverage giant Dongpeng Beverage with a market cap of 100 billion is going for an IPO again. Last year, the company's performance grew by more than 60% year-on-year | Read the announcement.
① Dongpeng Beverage plans to issue H Shares and list on the Main Board of the Hong Kong Stock Exchange. ② The revenue proportion of Dongpeng Beverage's "home base" in the Guangdong region for 2024 has decreased compared to the previous year, but it is still the region with the highest revenue share. ③ Dongpeng Beverage hopes to further expand into overseas markets through its listing in Hong Kong, with Southeast Asia being a key focus market.
Could The Market Be Wrong About Eastroc Beverage (Group) Co.,Ltd. (SHSE:605499) Given Its Attractive Financial Prospects?