Understanding the Market | NONGFU SPRING rises over 4%, Citi states the company is expected to benefit from the fermentation of competitor opinions and is optimistic about its strong business recovery momentum
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NONGFU SPRING's stock price rose by more than 4%, reaching a new high of HKD 44.9 since May last year. Analysts at CLSA believe that NONGFU SPRING is expected to benefit from the dispute over assets involving its competitor Wahaha, leading to accelerated market share growth. The report pointed out that NONGFU SPRING has seen strong sales since March and is expected to continue maintaining good growth. Cathay Securities also holds a positive outlook on its short-term and medium-to-long-term competitive advantages, believing that the company is likely to achieve restorative growth
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