Soft Drinks and Non-alcoholic Beverages(IN40260.SH)

According to reports, EASTROC BEVERAGE's international placement was oversubscribed, attracting support from long-term funds and hedge funds

EASTROC BEVERAGE's international placement has been oversubscribed by 5 to 9 times, mainly from long investors and hedge funds globally and in China. The company plans to issue 40.89 million H shares, with an issue price not exceeding HKD 248 per share, expecting to raise up to HKD 10.14 billion. EASTROC BEVERAGE will be listed on February 3rd, with Huatai International, Morgan Stanley, and UBS as joint sponsors

EASTROC BEVERAGE's Hong Kong listing reportedly received several times oversubscription. (Bloomberg)

In "Major Banks," China International Capital Corporation: EASTROC BEVERAGE's fourth-quarter revenue meets expectations, profit slightly below expectations

CICC released a research report, indicating that EASTROC BEVERAGE is expected to achieve a revenue growth of 31% to 33% in 2025, with net profit attributable to the parent company growing by 31% to 38%. Revenue in the fourth quarter is expected to grow by 19% to 30%, but net profit attributable to the parent company may decline by 6.5% or grow by 34%. The report believes that the fourth quarter revenue meets expectations, but profits are slightly below expectations, mainly due to the investment in freezers. The earnings forecasts for 2025 and 2026 have been revised down by 2.2% and 6%, respectively, with a target price lowered to 330 yuan, maintaining an "outperforming the industry" rating

Mainland functional beverage leader EASTROC BEVERAGE is going public, with an entry fee of over 25,000, introducing cornerstone investors such as Tencent and Temasek

EASTROC BEVERAGE (9980) is offering shares for subscription from today until Thursday, planning to issue 40.8899 million H shares, with a maximum offer price of 248 HKD and an entry fee of 25,050.11 HKD, expecting to raise up to 10.14 billion HKD. The stock has introduced several cornerstone investors, including Tencent and Temasek, with a subscription amount reaching 4.99 billion HKD. EASTROC BEVERAGE has ranked first in sales in China's functional beverage market for four consecutive years, with its market share expected to grow from 15% in 2021 to 26.3% in 2024

Eastroc Beverage Launches Up to HK$10.1 Billion Hong Kong IPO

Eastroc Beverage Launches Up to HK$10.1 Billion Hong Kong IPO