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<Research>Citi Initiates Coverage on EASTROC (09980.HK) w/ Buy Rating, TP $408.8
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Citi Research issued a research report initiating coverage on EASTROC (09980.HK), with rating at Buy and a target price of $408.8, given the limited number of high-quality beverage companies available for global institutional investors in the Hong Kong market. The broker held an optimistic view on EASTROC's continued strong growth in new categories (including sports drinks and other beverages) and its expansion in non-Guangdong markets for 2026/ 2027. EASTROC remains as one of Citi Research's top picks in the China consumption sector in 2026. The broker's relative pecking order in China's food and beverage industry is EASTROC, NONGFU SPRING (09633.HK) and U-PRESID CHINA (00220.HK), with all rated at Buy, while TINGYI (00322.HK) is rated at Sell. AASTOCKS Financial News Website: www.aastocks.com |
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