The Zhitong Finance App learned that Bank of America Securities released a research report stating that the rating of Blue Moon Group (06993) was upgraded from “neutral” to “buy”, and that the target price was raised from HK$5.8 to HK$6. The guidance provided by the company's management at the investor meeting exceeded expectations, with target sales growth of 12%-14%. The net profit margin target also reached 12%-14% as input costs slowed and low-cost raw materials were locked in, compared to 7.7% last year.

According to the report, according to channel surveys, the company started steadily this year, with sales increasing by more than 20% in the first two months. At the same time, the bank expects net profit after tax to nearly double year-on-year for the full year of this year, gross margin will rise 5 percentage points to 63%, and net profit margin may increase 5.7 percentage points to 13.4%.