SEHK:9633Beverage
Evaluating Nongfu Spring (SEHK:9633) After HSBC’s Upgrade on New RTD Tea and Coffee Growth Prospects
HSBC’s upgrade of Nongfu Spring (SEHK:9633) from Hold to Buy has put fresh attention on the stock, with the bank highlighting new sugar ready to drink teas and Tan Bing branded coffees as growth drivers.
See our latest analysis for Nongfu Spring.
The upgrade lands after a choppy stretch, with a 30 day share price return of minus 6.8 percent and a 90 day share price return of minus 12.7 percent. However, a strong year to date share price return of 43.3 percent and a 1 year total shareholder...