Lates News

Goldman Sachs released a research report stating that they continue to have a positive outlook on the beverage sector, which is a sub-sector favored by the bank in the essential consumer goods category. The bank also believes that the beverage industry will maintain sales growth in the long term and provide support for profit growth prospects in 2025. The bank has raised its net profit forecast for food and beverage companies by up to 9% and adjusted its target price by +7% to +25% to mainly reflect factors such as cost efficiency, product cycle, and valuation extension until the middle of 2026. The bank reaffirmed its buy rating on Dongpeng Beverages, Master Kong Holdings, CR Beverage, and Nongfu Spring.