Market Insight | Vitasoy International rises by over 5% again as Singapore beverage giant Yang Hee Chong increases holdings recently

Vitasoy International surged over 5%, as of the time of publication, it rose by 5.34% to HKD 6.71, with a turnover of HKD 39.8146 million. On the news front, the Hong Kong Stock Exchange disclosed that on October 7th, the younger brother of Henderson Land Development Chairman Lee Shau Kee, Lee Shau Kei, first declared that through his company Yang Ho Cheng and his family office, he collectively holds over 5% of Vitasoy. At the same time, Vitasoy's Japanese shareholder, Mitsubishi UFJ Financial Group, declared a reduction in holdings, reducing its stake to 7.82%. This means that the Lee family has suddenly become the third largest shareholder of Vitasoy. Yang Ho Cheng, listed in Singapore, currently holds about 2.04% equity in Vitasoy, with the company previously holding 0.4%, and recently acquired a total of 17.598 million shares of Vitasoy through its subsidiary, equivalent to 1.64% of Vitasoy's issued share capital. Macquarie's previous research report pointed out that although the beverage market is full of challenges, it still expects Vitasoy International's revenue for the first half of the 2025 fiscal year to increase by 2.2%, while operating profit is expected to increase by 9.3% year-on-year. The group has not been immune to adverse weather and market competition in the mainland market, but its performance in the Hong Kong market remains resilient