IFBH (06603) fell over 4% in late trading, hitting a new low of HK$16.55, marking a decline of more than 40% from its IPO price of HK$27.8. As of press time, the stock was down 4.06% at HK$16.56, with a turnover of HK$19.35 million.
Public data shows that IFBH focuses on coconut-based beverages, with its core brands being "if" and "Innococo." According to a CIC report, the company has ranked first in China's coconut water beverage market for five consecutive years since 2020, holding a market share of approximately 34% in 2024—more than seven times that of its closest competitor.
Notably, the lock-up period for IFBH's 11 cornerstone investors will expire on December 29, 2025, meaning only one month remains before a potential large-scale sell-off. CMB International Securities previously noted that while competition in the fast-growing coconut water industry has intensified, IFBH, as the market leader, benefits from its first-mover advantage and strong brand positioning. Despite facing competitive pressures, the company maintains a relatively stable market position. However, it needs to enhance channel control to sustain long-term growth.
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