Zhitong Financial APP learned that Macquarie released a research report saying that Yudali Food (03799) "outperformed the market" rating, the target price was lowered from HK $3.90 to HK $3.70, and the company's revenue recovered well in the first half of the year to 11.1%. However, due to the increasing contrast base in the second half of the year, the market competition for energy drinks is also intensifying, and it is predicted that the growth in the second half of the year will slow to 3%. And cut profit forecasts for 2021 and 22 by 5 per cent and 7.2 per cent, respectively.

According to the report, the company's first-half revenue and net profit rose 11.1% and 7.3% respectively, 3.6% and 7% lower than the bank's forecast. The bank recognizes the management's efforts in channel reform and is preparing to launch a range of new products to enrich its product portfolio. However, with raw material cost pressures likely to intensify in the second half of the year and increasing competition in the industry, the stock remains on the sidelines.