Guotou Securities: Wu Long Delicious (09985.HK) rated "Buy-A", with a target price of HKD 14.27.

According to the Smart Financial News APP, Guotou Securities released a research report stating that it gives a "Buy-A" investment rating to Weilong Delicious (09985.HK) with a target price of 14.27 Hong Kong dollars in six months. In terms of products, classic spicy strips still contribute stable cash flow, while vegetable products such as Konjac Snacks and Seaweed Snacks meet the demand for healthiness. In 2024, revenue is expected to reach 3.37 billion yuan, accounting for 54% of the total revenue, becoming the largest category for the first time. In terms of channels, the base of supermarkets and convenience stores is stable, and after listing, investments in bulk snacks and live e-commerce have rapidly increased. There were 94 live broadcasts on Douyin within 90 days, and the online proportion continues to rise. In terms of the supply chain, there are five directly-operated factories in Henan, with the introduction of 5G production lines, which not only reduces costs but also maintains food safety standards.