Broker Recommends Anjoy Foods on Price Hike and Supply Chain Strength

Bullish

What Happened

Anjoy Foods implemented a price increase on some surimi products effective October 1, 2023, to offset rising raw material costs. The broker highlights the company's supply chain advantages and attractive valuation.

Bottom Line

Anjoy Foods' solid fundamentals, pricing power, and supply chain advantages make it a defensive play with clear excess return potential.

Free preview — more China A-share & HK research · About Us · Legal & Privacy