Nongfu Spring - Buying opportunitysee chart
Concerns - inflation which impact the sales
Intense competition from both local and foreign players
Lifestyle brand like Xiaomi launches its own brand of mineral water , tapping on its consumers base buying its products (cross selling)
Please do your own due diligence!
9633 trade ideas
HKEX: 9633 Nongfu SpringHKEX:9633 Nongfu Spring just IPO-ed about a year ago. So not much historical data to work on.
But after a huge rally, settled to trade in a range since Mar 2021.
The $10 range of 47 to 37 range has been tested 3 times so far.
We are approaching the bottom of the range once more.
Buying near $37 to take profit near the top of the channel, and risking maybe $1 - 2 to cut at $35 seems viable
Invest with China's richest manWe previously covered this stock here
Read more about this great CEO, Mr Zhong Shanshan, a school dropout and how he went on to build 2 companies worth 10billion each.
His other listed companies include Beijing Wantai Pharma which has also recently shot up the roof by 400 over %.
More news here
With the recent shares fall in Alibaba and Tencent,Mr Zhong Shanshan has climbed his position from 3rd richest to being the RICHEST man in Chin a.
And he is also richer than the legendary investor, Warren Buffett by 5 over billion dollars. Read article here
I would be keen to take a nibble when the shares pull back to 60 .