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Beverage Makers Play Catch-up; NONGFU SPRING, CR BEVERAGE Soar 6%+ Each
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HK-listed Chinese beverage makers played catch-up as NONGFU SPRING (09633.HK) opened 0.6% higher on Wednesday (26th) morning before seeing its gains widen notably, touching a high of HK$36.15. The stock last traded at HK$35.85, up 6.7%, with 5.897 million shares traded, amounting to HK$207 million in turnover.

Its fellow CR BEVERAGE (02460.HK) started flat but trended higher, now at HK$13.34, up 6.38%, with a turnover of HK$26.0838 million.

Related NewsCR BEVERAGE 2024 NP Leaps 23%+ YoY to RMB1.637B w/ Final & Special Div. RMB48.3 Cents in Total
TINGYI (00322.HK) underperformed the broader market, slipping 0.2% to last at HK$11.66, while U-PRESID CHINA (00220.HK) edged up 0.3% to HK$8.02.

Hong Kong bourse reversed the previous day’s losses, with the HSI rebounding 506 points, or 2.2%, to 23,540, accompanied by a turnover of HK$61.301 billion.
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