OnDemand WTP Pricing Research

MARKET BUZZ: Dali Foods At Record Highs; Daiwa Initiates At Buy | Nikkei Asian Review

Daiwa Capital Market says company’s business model stands out with focus on developing fast growing snacks and beverage segment in China. Starts coverage with Buy rating and target price of HK$7.10. House notes Dali’s pricing strategy of more wholesale discounts and lower retail prices attractive to consumers and distributors, helping it capture market share “We forecast Dali’s revenue to expand at a 13% CAGR over 2016-19E (vs. 6% YoY in 2016), fuelled by new products such as soymilk and further market-share gains in baked products,” it says in note.

Read complete article here:

MARKET BUZZ: Dali Foods At Record Highs; Daiwa Initiates At Buy- Nikkei Asian Review.

Post a Comment

WP-SpamFree by Pole Position Marketing