Nongfu Spring (9633 HK): Tea Revenue Up by 60%, 40% Upside, Buy

330 Views12 Sep 2023 08:22
Tea revenue grew by 60% YoY in 1H23 as the company caught the fashion of sugar free. The growth rate of total revenue accelerated to 23% YoY in 1H23 from 15% YoY in 2H22 and 9% YoY in 1H22.
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Top Quartile
Ming Lu
Overseas Chinese Equities
Aequitas Research
ChinaInformation TechnologyEquity Bottom-UpThematic (Sector/Industry)