Understanding the Market | WL DELICIOUS rises over 9%, konjac category builds a second growth engine, institutions optimistic about the company's profit achieving rapid growth
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WL DELICIOUS's stock price rose over 9%, with an increase of 9.29% as of the time of publication, trading at HKD 13.88, with a transaction volume of HKD 128 million. Kaiyuan Securities released a research report indicating that WL DELICIOUS's layout in the konjac product sector will become the company's second growth engine, and it is expected that the company's profits will achieve rapid growth. With the popularization of healthy consumption concepts and breakthroughs in food innovation, WL DELICIOUS's vegetable product revenue is expected to grow from HKD 660 million in 2019 to HKD 3.37 billion in 2024
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