Minsheng securities released a research report on April 30, saying that it maintained the recommended rating of Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) ( Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) .sh, latest price: 44.88 yuan). The reasons for rating mainly include: 1) the company releases the first quarterly report of 2022; 2) The product structure has been steadily improved, and the rapid growth continues in the province; 3) In 2022, four major campaigns will be deepened around the policy of 13455. Risk tips: 1) economic fluctuations exceed expectations, affect high-end demand and squeeze V-series and other growth space; 2) The intensified competition in the province has caused the dynamic sales of leading products to be less than expected and the price is unbalanced; 3) The impact of the epidemic exceeded expectations.
AI comments: Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) in the past month, it has received 20 research reports from securities companies. It has bought 15 and increased its holdings of 1. The average target price is 58.32 yuan, 13.43 yuan higher than the latest price of 44.88 yuan, and the average target price has increased by 29.94%.
