Goldman Sachs: WL DELICIOUS management expects steady growth in konjac products this year, rating "Buy"

Goldman Sachs published a research report indicating that during the recent Goldman Sachs Asia-Pacific Consumer Day, they communicated with the management of WL DELICIOUS (09985.HK). The management emphasized guidance for a year-on-year revenue growth of over 15% for the fiscal year 2025, with a net profit margin between 18% and 20%. They expect robust growth for konjac products this year, while the seasoning noodle products are anticipated to recover growth through the launch of innovative products and channel expansion. Goldman Sachs set a target price of HKD 13.9 for WL DELICIOUS, corresponding to a projected price-to-earnings ratio of about 19 times for 2027, with a rating of "Buy."