Stock Track | EASTROC Soars 6.35% Intraday on Strategic Partnership with Salim Group for Southeast Asian Expansion

Stock Track

Feb 04

EASTROC's stock price surged 6.35% during intraday trading on Wednesday, reflecting strong investor interest in the company's growth prospects.

The significant price movement follows the announcement of a strategic cooperation agreement with Indonesian conglomerate Salim Group. EASTROC will invest up to USD 200 million to establish a joint venture named Indonesia EASTROC Vitamin Functional Beverage Company, with total projected investment reaching USD 300 million. This partnership will be exclusive for the next five years and represents EASTROC's expansion into the Southeast Asian market.

Analysts from Pacific Food and Beverage noted that based on the energy drink industry landscape across Southeast Asia, EASTROC's expansion holds promising potential to achieve revenue of CNY 5 billion in the medium to long term. Additionally, the company's recent Hong Kong listing attracted cornerstone investors including Qatar Investment Authority, Temasek, BlackRock, UBS Global Asset Management, J.P. Morgan Asset Management, and Fidelity, underscoring strong capital market confidence in the company's fundamentals.

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Morgan Asset Management, and Fidelity, underscoring strong capital market confidence in the company's fundamentals.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09980","symbol_name":"东鹏饮料","start_time":0,"source_url":"","article_id":"1187119143","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1187119143","pubTimestamp":1770178049,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"EASTROC's stock price surged 6.35% during intraday trading on Wednesday, reflecting strong investor interest in the company's growth prospects.The significant price movement follows the announcement...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"09980":"东鹏饮料"},"translate_title":"个股追踪|EASTROC盘中大涨6.35%与Salim集团战略合作布局东南亚扩张","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09980":1},"content_text":"EASTROC's stock price surged 6.35% during intraday trading on Wednesday, reflecting strong investor interest in the company's growth prospects.The significant price movement follows the announcement of a strategic cooperation agreement with Indonesian conglomerate Salim Group. 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