0750 GMT - Want Want China's sales growth is likely to improve in 2H FY 2025, China Galaxy International's Lei Yang says in a research report. Key factors include low channel inventory for popsicle products, expanded reach into chain snack stores and other emerging channels, and stronger sales growth from overseas markets, the analyst notes. The food and beverage company also plans to introduce new glutinous rice cracker products in 2H FY 2025, he adds. China Galaxy International maintains an add rating on the stock, while cutting its FY 2025-2027 EPS forecasts by 4.8%-6.9%, reflecting weaker sales growth. It also lowers the target price to HK$6.10 from HK$6.50. Shares are 0.45% lower at HK$4.46. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 27, 2024 02:50 ET (07:50 GMT)
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