0123 GMT - Nongfu Spring's margin pressure could be mitigated by scale benefits and production efficiency, Deutsche Bank analyst Han Zhang says in a note. The market has already priced in the company's potential for sustained strong sales into 2026, after Nongfu's 2H 2025 results beat expectations he adds. Deutsche Bank raises its target price on the stock to HK$50.00 from HK$47.80, reflecting a 4% average increase in 2026-2028 net profit forecasts. Shares last closed at HK$46.42. (venkat.pr@wsj.com)
(END) Dow Jones Newswires
March 25, 2026 21:23 ET (01:23 GMT)
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