On January 9, Longfor reported that Goldman Sachs issued a report stating that the management of Master Kong participated in the bank's Greater China Consumer and Leisure Companies Day event yesterday. The bank cited Master Kong's management as indicating that last year's sales may have been affected by price increases (instant noodle prices were raised starting in October last year), but expects last year's net income growth target (10% to 15%) to have upward potential. The bank anticipates that Master Kong's revenue performance in the fourth quarter of last year will outperform the third quarter, with sales of Carbonated Drinks/instant noodles achieving positive growth compared to the same period last year. Due to the decline in flour prices both quarterly and annually in the fourth quarter, the cost of raw materials had a positive impact on profit margins, offsetting the effects of rising palm oil prices. Looking ahead to 2025, Master Kong hopes for stable revenue growth and continued improvement in net profit margins. The company's goal is to return to the previous peak of net income (over approximately 4 billion yuan in 2020) by upgrading its portfolio, leveraging the results of the 2024 pricing actions, and improving operational efficiency. The management emphasized that the long-term objective is to expand profit margins, aiming to double the net profit margin. Goldman Sachs has assigned a 'Neutral' rating to Master Kong with a target price of 10.6 HKD.