Recently, $NAYUKI (02150.HK)$ It can be said that it has become the center of controversy.
First, on August 3rd, the news of a Xinhua News Agency reporter going undercover at Nayuki’s Tea hit the热搜, pointing directly to issues like cockroaches crawling around, rotten fruits, unwashed rags, and false labels in several branches, sparking heated discussions among netizens.
Then, on the 23rd, the State Administration for Market Regulation announced inspection results of six food companies. Among them, two Nayuki’s Tea stores were fined and criticized for non-compliance during production.
From the price movement perspective, since reaching the peak of 17.2 Hong Kong dollars on July 12, Nayuki’s general trend has been consistently downward, bottoming out at 9.1 Hong Kong dollars on July 28. Afterwards, it fluctuated slightly within the 9-12 Hong Kong dollar range. The stock price has nearly halved from its IPO price of 19.8 Hong Kong dollars, and in less than two months, its market value rapidly shrank by 17 billion Hong Kong dollars (approximately 14 billion RMB).
Despite multiple negative news stories, some major banks remain optimistic. What’s your take??
I. Included in the Shanghai-Hong Kong Stock Connect; several institutions give “Overweight” and “Buy” ratings
On August 20th, Hang Seng Indexes Company announced the official review results of the Hang Seng series index adjustments. According to the announcement, Nayuki’s Tea and 16 other companies met the requirements for fast inclusion into relevant indexes and will be added to Hang Seng after the market closes on September 3, 2021 (Friday), effective from September 6, 2021 (Monday). Being included in the Hang Seng Composite Index...