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<Research>Macquarie Initiates Coverage on EASTROC with Rating Outperform & TP HKD345
Recommend 4 Positive 4 Negative 3 |
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EASTROC (09980.HK) is the second-largest player in China's functional beverage industry with a market share of 23% by value, according to a Macquarie research report. By volume, the company would have been the largest player with a 26.3% share. With its extensive channel penetration and efficiently managed sales tracking system, EASTROC is expected to continue expanding its market share. Macquarie has initiated coverage on EASTROC with an Outperform rating and a target price of HKD345. AAStocks Financial News |
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