[ET Net News Agency, 23 March 2021] Goldman Sachs lifted its target price for China
Feihe (06186) to HK$25.3 from HK$24.9 and reiterated its "buy" rating.
The research house believes Feihe's result briefing affirms its positive view on the
name. Near term, Goldman said Feihe is starting 2021 strong, despite the high base last
year, and is maintaining healthy pricing and inventory levels. Medium-term, Feihe is on
track to reach a 30% market share by 2023 as it continues pushing new premium products and
expanding its presence nationally. Longer-term, the company sees better visibility.
Meanwhile, Feihe's strong cash position should leave more room for future category
expansion as well. Goldman revised up Feihe's 2021-23 EPS forecasts by 1-2%. (KL)
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06186 CHINA FEIHE
Nominal 
4.120 0.000 (0.000%) Research Report
23/03/2021 14:58
{I-bank focus}Goldman lifts China Feihe (06186) to HK$25.3
| Remark: | Real time quote last updated: 18/04/2024 17:59 |
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