Guosen Securities: Initiates "Buy" rating on Tianmao (09676.HK) in October, Riding the Wave of Healthy Food and Beverage Consumption, Full-channel Distribution Strategy Achieving Results

According to the Smart Financial APP, Citi Securities released a research report stating that it has initiated coverage on Oct Sown (09676.HK) with a "buy" rating for the first time. It is estimated that the company's revenue will be 6.864/8.097/9.546 billion yuan in 2025/2026/2027, and the net profit attributable to shareholders will be 606/758/972 million yuan. The bank is optimistic about the trend of healthy food and beverages and believes that the company's high-end rice and corn business revenue and profit elasticity will gradually increase.