Tianfeng Securities Co.Ltd(601162) 03 released a research report on March 20, saying that it maintained the buying rating of Toly Bread Co.Ltd(603866) ( Toly Bread Co.Ltd(603866) . SH). The reasons for the rating mainly include: 1) the main business development is stable and rising, and the production capacity is released in stages; 2) Rising costs and repeated epidemics put pressure on profits, and the month on month decline of Q4 price increase profits narrowed; 3) The company deeply cultivates the bread industry and creates the leading barrier advantage of short-term insurance. Risk tips: raw material price fluctuation risk, food safety risk, market change risk, etc.
AI comments: Toly Bread Co.Ltd(603866) in recent months, it has received attention from 6 research reports of securities companies and bought 4.
