Changes in Hong Kong stocks | Nongfu Spring (09633) rose more than 8%. Market speculation is that the company will enter the Korean market, institutions are optimistic that profits will maintain a good level of profit

The Zhitong Finance App learned that Nongfu Spring (09633) rose by more than 8%. As of press release, it had risen 7.31% to HK$44.92, with a turnover of HK$801 million.

According to media reports, Nongfu Spring announced recruitment announcements for local sales and marketing positions in South Korea at the end of last month. As a result, the South Korean market is speculating that it will enter Korea. Currently, Nongfu Spring has not announced the exact time and method of selling products in Korea.

It is worth noting that Nongfu Spring will announce its first half results at the end of August. Cathay Pacific Haitong Securities said it is optimistic that the company will continue to strengthen the competitiveness of packaged water, and that the good boom in sugar-free tea and sports drinks will continue, driven by a series of actions. Furthermore, the company has strong cost control capabilities, and is optimistic about profit or maintaining a good level. Maintain an “Overweight” rating.