大行评级丨小摩：首予东鹏饮料港股“增持”评级及目标价315港元

Core Viewpoint - Morgan Stanley initiates coverage of Dongpeng Beverage's Hong Kong stock with an "Overweight" rating and a target price of HKD 315, believing that its market share growth in China will enable it to continue outperforming peers [1] Group 1: Financial Projections - The company’s preliminary earnings forecast for 2025 indicates an average revenue growth rate of 25% and a core net profit growth rate of 16% for the fourth quarter, which is below market expectations [1] - For 2026, Morgan Stanley projects that energy drinks, sports drinks, and other products will grow by 15%, 42%, and 50% year-on-year, respectively, supporting an overall revenue growth of 22% year-on-year [1]