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Investing.com - HSBC initiated coverage on Weilong Delicious Global Holdings Ltd (HK:9985) with a Buy rating and a price target of HK$16.50 on Friday.
The Hong Kong-based snack food company derives approximately 90% of its total revenue from offline channels, with around 584,000 point-of-sales locations as of the first half of 2025.
HSBC noted that Weilong is enhancing its omni-channel strategy by launching new flavors to increase penetration at existing locations while simultaneously expanding its number of points of sale.
The company is actively collaborating with emerging retail channels, including snack food discount stores and warehouse member supermarkets, according to HSBC’s analysis.
HSBC expects Weilong to increase capital expenditure over the next two years to optimize seasoned flour production capacity and build vegetable production capacity to meet growing consumer demand.
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