Xunlong Sci-Tech Gains Bull on Strong Competitive Moat

Dow Jones10-02

0249 GMT - Hangzhou Qiandaohu Xunlong Sci-Tech, the company behind the Kaluga Queen caviar brand, has a seven- to 15-year biological asset moat that its rivals can't replicate, say DBS Group Research analysts in a note. The Hong Kong-listed company has the world's largest live sturgeon reserve and proprietary breeding technology, which delivers stronger ovulation and survival rates than industry averages, they say. This asset base would require over 10 years and substantial capital to replicate, which are significant entry barriers, they say. Xunlong Sci-Tech's earnings are likely to rise at a 16% compound annual growth rate over 2025-2028, they add. DBS starts coverage of Xunlong Sci-Tech with a buy rating and 90.00 Hong Kong dollar target price. Shares slip 0.1% to HK$62.15.

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