NONGFU SPRING's stock plummeted 5.03% during Thursday's intraday trading, reflecting significant downward pressure.
The sharp decline follows a recent target price cut by Jefferies, which lowered its price target on the stock to HK$47.50 from HK$50.50 while maintaining a Hold rating. This adjustment contributes to a divided market view on the company's near-term valuation.
Adding to the selling pressure, southbound capital has been consistently reducing its positions, with net selling recorded in 16 out of the past 20 trading days. The overall weak sentiment in the Soft Drinks sector also weighed on the stock's performance.
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