Jefferies Keeps Their Hold Rating on Nongfu Spring Co., Ltd. Class H (9633)

TipRanksSep 2 08:19 ET · Ratings

Bullish on Nongfu Spring's Tea Segment Growth Despite Market Challenges: Maintaining Buy Rating

TipRanksSep 2 03:36 ET · Ratings

[Brokerage Focus] XinDa Securities maintains a "buy" rating for Nongfu Spring (09633), expecting the network public opinion to calm down and the packaging drinking water business growth on a month-on-month basis to improve.

Jingu Finance News | Everbright Securities released research reports stating that Nongfu Spring (09633) announced its mid-term performance for 2024, achieving revenue of 22.173 billion yuan, up 8.4% year-on-year, with a net income attributable to the parent company of 6.24 billion yuan, up 8.0% year-on-year. The bank stated that Nongfu Spring's tea beverage revenue in 2024 H1 increased by 59.5% year-on-year to 8.43 billion yuan. The bank believes that the main reasons are the trends of health and low sugar consumption, with unsweetened tea Eastern Leaves and Tea Pi continuing to show good growth; under the scale effect, the adjusted pre-tax profit margin of tea beverages increased by 1.0 percentage point year-on-year to 44.1%. 20

金吾財訊Sep 1 21:16 ET

[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.

金吾財訊Aug 29 22:56 ET

[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.

金吾財訊Aug 29 20:06 ET

Earnings Release: Here's Why Analysts Cut Their Nongfu Spring Co., Ltd. (HKG:9633) Price Target To HK$38.21

Simply Wall StAug 29 18:17 ET