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26673 MBNFSPR@EC2503A (CALL)
RT Nominal down0.085 -0.016 (-15.842%)

11/07/2024 15:49

{I-bank focus}Macquarie lowers Nongfu Spring to HKD26

[ET Net News Agency, 11 July 2024] Macquarie lowered the target price for Nongfu Spring
(09633) to HKD26 and downgraded the rating to "underperform".
The research house said it lowers FY24/25/26E net profit by 20.4%/28.0%/30.8% to factor
the moderating growth outlook and heavy promotions. (rc)

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