[ET Net News Agency, 24 November 2020] Jefferies Research tweaked its target price for
Want Want China Holdings (00151) to HK$6.7 from HK$6.6 and maintained its "hold" rating.
The research house cited Want Want management maintaining double-digit sales growth
target in 2H and expecting sales to maintain healthy growth in the next few years.
Jefferies revised up its earnings forecast by 2-4% for FY2021-23 to factor in better sales
growth outlook.
Management said the company will continue to invest in emerging channels and digital
marketing. It expects emerging channels and overseas markets to be the key growth drivers
and improving sales growth in traditional channels helped by continuing channel management
optimization and focusing resources on key new products. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00151 WANT WANT CHINA
Nominal 
4.360 -0.050 (-1.134%) Others
24/11/2020 11:56
{I-bank focus}JEF ups Want Want China (00151) to HK$6.7
| Remark: | Real time quote last updated: 18/04/2024 17:59 |
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