Goldman Sachs: Adding Gu Ming (01364.HK) to the Buy List in the Asia-Pacific Region. Trading volume has increased by more than 20% in the year.

According to the The Intelligent Wealth and Finance APP, Goldman Sachs released a research report stating that it has added Gu Ming (01364.HK) to its buy list for the Asia-Pacific region. The analyst at the bank expects that Gu Ming's adjusted net profit will grow by over 20% year-on-year in the next two years, supported by the continued increase in the penetration rate of ready-to-drink beverages and the expansion of market share. This will allow the company to outperform the market in the consumer sector, and the bank has given it a "buy" rating with a target price of HK$32.