Minmetals securities released a research report on February 25, saying that it gave a buy rating of Eastroc Beverage (Group) Co.Ltd(605499) (605499. Sh, latest price: 169.2 yuan). The reasons for rating mainly include: 1) from deep cultivation in southern Guangdong to going to the whole country; 2) Remarkable achievements have been made in differentiation, and nationalization has been promoted at all levels; 3) Plan ahead and expand production capacity in advance, and profitability is expected to continue to improve. Risk tips: 1. The dispute over red bull’s trademark is settled, and China Red Bull continues to have the right to use the trademark, resulting in intensified market competition. 2. The company’s nationwide expansion is less than expected, and the terminal mobile sales slow down. 3. The change of people’s living habits leads to the consumption scene of energy drinks, the consumption frequency is less than expected, and the growth rate of the industry slows down. 4. The fluctuation of raw material costs leads to short-term pressure on the gross profit margin.
AI comments: Eastroc Beverage (Group) Co.Ltd(605499) in the past month, it has received four research reports from securities companies, including one purchase and two holdings.
