Yamato: Initiates coverage on Vitasoy International Holdings Limited (02097.HK) with an "outperform" rating and a target price of 539 Hong Kong dollars.

The intelligence financial news app learned that Nomura released a research report stating that it is covering the Mishi Group (02097.HK) for the first time, giving it a target price of HK$539 and a rating of "outperform". The bank is confident in the group's growth prospects, based on its unique economies of scale, leading position in the mass market, and potential for overseas expansion. The bank expects same-store sales growth of 5%, 3%, and 3% for 2025-2027, with average selling price growth of 0%, 1%, and 1%, cup sales growth of 5%, 2%, and 2%, and predicts that net profit will increase by 22%, 20%, and 18% year-on-year.