0732 GMT - Lung Fung Group seems poised to benefit from structural demand tailwinds, gaining the Hong Kong-based pharmaceutical retailer a new bull at DBS Group Research. Structural drivers, including ageing demographics and rising preventive healthcare awareness, continue to expand Lung Fung's addressable markets, she says. The analyst estimates the city's beauty and health product markets to grow at a 8.1% compound annual growth rate and 5.2% CAGR, respectively, by 2029. Lung Fung's supply-chain differentiation should boost its pricing power, while its private label portfolio likely reinforces customer stickiness, she adds. DBS starts its coverage with a buy rating and 7.98 Hong Kong dollar target price. Shares rise 5.7% to HK$3.92. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
July 22, 2026 03:32 ET (07:32 GMT)
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