Zixin Group's Earnings Likely to Stay on Upward Trajectory -- Market Talk

Dow Jones
2025/06/03

0648 GMT - Zixin Group's profit after tax and minority interests is likely to stay on an upward trajectory, Phillip Securities Research says in a note. The company's PATMI is expected to rise 31.6% in FY 2026, aided by 60% expansion in processed sweet potato capacity and by around 25% increase in cold storage capacity for fresh sweet potato, the team says. The sweet potato biotech-focused value chain operator's sales of processed sweet potatoes is improving as Chinese consumers become more health-conscious and Zixin Group boosts its presence via increased marketing spending. The brokerage raises the stock's target price to S$0.060 from S$0.056 with an unchanged buy rating. Shares are 5.9% lower at S$0.032. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

June 03, 2025 02:48 ET (06:48 GMT)

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