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2025-06-02 10:50:14 Goldman Sachs has published a report indicating that the stock prices of freshly-made drinks companies under its coverage have snowballed by an average of 39% since JD-SW (09618.HK) announced a RMB 10billion delivery subsidy program on April 11, accompanied by increased subsidies and investments from Ele.me and MEITUAN-W (03690.HK). According to reports and channel surveys, a significant portion of JD Food Delivery's delivery orders have flowed to freshly-made drinks brands, with Cotti and Luckin leading in order volume, followed by several large freshly-made tea brands. Goldman Sachs believed that quality companies like MIXUE GROUP (02097.HK), GUMING (01364.HK), and YUM CHINA (09987.HK) would remain long-term winners. It raised its target price for GUMING from HKD21 to HKD29.2, while maintaining the Buy rating unchanged. The broker also elevated MIXUE GROUP's TP from HKD484 to HKD597 with a Buy rating maintained. Its target prices for other catering consumer stocks are detailed in a separate table. ~ AAStocks Financial News Web Site: www.aastocks.com | |