Jefferies issued a Hold rating for WANT WANT CHINA due to a 5.2% year-on-year sales increase in the second half of the fiscal year, but a 14.3% decline in net profit attributed to rising raw material costs and increased selling, general, and administrative expenses. The company expects new channels to drive growth and anticipates lower prices for imported whole milk powder, which may alleviate cost pressures and support a recovery in gross margins in fiscal 2027. However, the broker has lowered its net profit forecasts and target price.
