JPMorgan Initiates Coverage on EASTROC with "Overweight" Rating and HK$315 Target Price

Stock News17:22

JPMorgan has released a research report initiating coverage on EASTROC (09980), expressing confidence that the company's growing market share in China will drive continued outperformance relative to peers. Based on preliminary performance forecasts for 2025, the report estimates average revenue and core net profit growth rates of 25% and 16%, respectively, for the fourth quarter of 2025. Looking ahead to 2026, the bank projects that energy drinks, sports beverages, and other product lines will increase by 15%, 42%, and 50% year-on-year, respectively, supporting an overall revenue growth of 22% year-on-year. JPMorgan has assigned the stock a target price of HK$315 and an "Overweight" rating.

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