HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

Over 15 years' experience in both finance and healthcare, covering clinic operations, investment and equity research in both China and overseas.

Pre-IPO Pre-IPO Ridge Outdoor International (PHIP Updates) - Some Points Worth the Attention

Muyuan Foods (2714.HK) - Thoughts on IPO Pricing and Valuation Outlook

Pre IPO Eastroc Beverage Group (H Share) - The Strength, the Concerns and the Outlook

Pre-IPO Eastroc Beverage Group - The Outlook Is Not Optimistic, with More Valuation Decline Ahead

Eastroc Beverage Group - High Growth in 25H1 Continues but Concerns Begin to Emerge

Pre-IPO Jingze Biopharmaceutical (Hefei) - The Concerns and the Outlook

Equity Capital Markets

Eastroc Beverage Group   / Equity Capital Markets

<ul>
<li>Based on chart, Eastroc's market share is growing rapidly, and it is “encroaching” on the shares of Red Bull and other competitors. Eastroc's leading position is about to be established.</li>
<li>The main business of Eastroc, energy beverages, has a high certainty of achieving RMB200 billion revenue. The upper limit of Eastroc Super Drink sales could be roughly around RMB22-27 billion.</li>
<li>Our forecast is energy beverages business and Eastroc Water Boost would reach RMB26 billion and RMB6.6 billion revenue respectively in 2029. The overall revenue would reach RMB36.6 billion in 2029.</li>
</ul>


Based on chart, Eastroc's market share is growing rapidly, and it is “encroaching” on the shares of Red Bull and other competitors. Eastroc's leading position is about to be established.
The main business of Eastroc, energy beverages, has a high certainty of achieving RMB200 billion revenue. The upper limit of Eastroc Super Drink sales could be roughly around RMB22-27 billion.
Our forecast is energy beverages business and Eastroc Water Boost would reach RMB26 billion and RMB6.6 billion revenue respectively in 2029. The overall revenue would reach RMB36.6 billion in 2029.


Pre-IPO Eastroc Beverage Group (A/H Listing) PHIP Updates - Some Points Worth the Attention