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<Research>G Sachs Hikes NONGFU SPRING (09633.HK) TP to $60, Expects 26% Rise in 2025 NP
Recommend 8 Positive 6 Negative 7 |
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Goldman Sachs estimated NONGFU SPRING (09633.HK) to achieve RMB51.1 billion in sales and RMB15.2 billion in net profit for 2025, representing YoY growth of 19% and 26%, respectively, topping the broker's previous expectations. This was mainly due to slightly better-than-expected growth in packaged water and tea beverages, as well as a mild NPM expansion. The broker raised its revenue forecast for 2025-27 by 1-2% and its net profit forecast by approximately 2%. It expected sales and net profit to hike by 19% and 26% YoY in 2025, and by 14% and 16% in 2026. The target price was lifted from HKD58.6 to HKD60, with a reiterated Buy rating. AASTOCKS Financial News Website: www.aastocks.com |
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