Daily Bull and Bear | The latest bull-bear ratio of the Hang Seng Index is 56:44; nongfu spring surged over 8%, with multiple subscription certificates earning over 80%.
At the close of the market, the total trading volume of the stock market was 146.099 billion Hong Kong dollars; the total trading volume of all warrants and callable bull/bear contracts was 13.708 billion Hong Kong dollars, accounting for 9.4% of the total market turnover, of which the bull positions accounted for 5.5%, and the bear positions accounted for 3.9%.
Express News | Foreign investment once again intensively raised target prices for assets in China.
Hong Kong stocks are moving, with domestic demand stocks generally rising, and nongfu spring increasing by over 8%.
December 2nd, Glonway｜China's Caixin Manufacturing PMI in November hits a 7-month high, with domestic demand stocks generally rising in the Hong Kong stock market. Nongfu Spring and Youran Dairy each surged over 8%, China Resources Beverage surged over 6%, CH Modern Dairy surged over 3%, Tsingtao Brewery, Li Ning, and China Shengmu all rose by more than 2%. (Glonway)
Bank of America Securities has upgraded the rating of nongfu spring (09633.HK) to "buy" and raised the target price to 40 yuan.
Bank of America Securities has released a research report, upgrading nongfu spring (09633.HK) investment rating from 'neutral' to 'buy', raising the profit forecast for the next two years by 1% and 5% respectively, which is now 4% and 7% higher than market expectations. The target price has been raised from 29.5 yuan to 40 yuan. Bank of America predicts that the negative impact of public opinion disputes is weakening, expecting nongfu spring's sales to increase by 10% and 15% in the next two years. The market share of aquatic products in the next one to two years may return to the level of 2023, while 'Oriental Leaf' leads in the unsweetened tea sector, and the growth potential of tea beverage products is huge. The bank
Market movement update | Nongfu Spring is up over 8%, competition in the packaged water sector is expected to gradually ease, and institutions are bullish on the further increase in industry concentration.
Nongfu Spring has risen over 8%, as of the time of this report, it has increased by 8.16%, priced at 35.8 Hong Kong dollars, with a transaction amount of 0.572 billion Hong Kong dollars.
Major bank rating | Credit Lyonnais: It is expected that consumer conditions in china will continue to improve next year, with wuliangye yibin and shanxi xinghuacun fen wine factory as the top picks.
Gelonghui November 28th | Lyon's report predicts that China's consumer market will continue to improve next year, especially in the second half of the year assuming supportive policies are steadily implemented, while most stocks remain cheaply valued. The bank expects the baijiu sector to be the first to recover, as it is more sensitive to macroeconomic changes and commercial demand. At the same time, the bank recommends investors to focus on companies with profit turning potential, as high-yield themes may face the risk of capital outflow if the macro situation recovers smoothly. The bank suggests choosing high-quality large companies in the early stages of recovery. The bank's preferred stocks include baijiu stocks Wuliangye Yibin and Shanxi Xinghuacun Fen Wine Factory, as well as stocks with potential for turning points.