Latest news with #NongfuSpring
Yahoo
12-06-2025
- Business
- Yahoo
The $67,000,000 Chinese mystery in New Hampshire
(NewsNation) — When a billionaire Chinese businessman and his company quietly purchased a commercial building in Nashua, New Hampshire, to ostensibly set up a water plant, the deal went largely unnoticed. That changed when the purchase price was publicly revealed. The company, Nongfu Spring, is China's largest beverage company. The site is next to the Pennichuck water system and allows the company to use local water for a beverage plant. What's raising eyebrows is the mystery of why the company paid $67 million in cash for a property valued at $15 million. 'Being tied into our Pennichuck water system and taking millions of gallons a day of drinking water from the citizens of Nashua is very concerning,' local resident Bob Lozeau told NewsNation. He says most folks in Nashua didn't know about the sale before it happened. State Senator Kevin Avard, a Republican whose district includes part of Nashua, shared his concerns. 'You have the airport here. You have our water supply they are looking to capture,' he told NewsNation. Chinese-owned farmland in the US raises worries of drone attacks at military bases The building spans 337,000 square feet and is situated on 23 acres. It's close to the Nashua Airport, several defense centers and a Federal Aviation Administration control center. Lily Tang Williams fled communism in China and is now running for Congress in New Hampshire as a Republican. 'I did research in English and Mandarin, which is my first language, and I was just shocked,' Williams told NewsNation's Brian Entin. 'I have been trying to warn people,' she says. 'Xi Jinping has a China dream, and his China dream is to use a soft power invasion. Business. Education. Apps like TikTok and WeChat. Media. Entertainment. Everything they can, without firing one shot, to expand into western countries like the United States.' She says China doesn't want her to discuss what she calls the 'soft power invasion' and the national security concerns associated with projects like the Nongfu Spring plant. We asked her what would happen if she spoke out about it in China. 'I would disappear. I'm afraid if I go back, and I go in, they won't let me go out. I would disappear. They want me to shut up,' she told us. The Nongfu Spring expansion in Nashua isn't the only Chinese investment. A few miles away, a Chinese investor purchased the former campus of what was Daniel Webster College. The 50-acre site was sold for $14 million about seven years ago, but it is mostly abandoned today. The mayor of Nashua, Jim Donchess, says the investor paid double what the property was worth. Behind California's underground baby industry bringing Chinese women to the US We asked him why Nongfu Spring would pay more than four times the assessed value for the property by the water plant. 'It's very weird. Why they would do that, I have no idea,' he said. The mayor says he's not against the project, and he doesn't believe there are any national security concerns. The city owns the Pennichuck Corporation water system itself, and the mayor says the city would never consider selling the water company. But he, like everyone else in Nashua, is still wondering why Nongfu Spring paid so much for the property. 'It's very puzzling as to why that would happen,' he said. Nongfu Spring has not yet responded to NewsNation requests for comment. We will update this story if they do. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
08-06-2025
- Business
- Yahoo
Asian Stocks Possibly Priced Below Their Estimated Value In June 2025
As global markets navigate a complex landscape of trade tensions and economic indicators, Asian stock markets present intriguing opportunities for investors seeking value. In this environment, identifying stocks that may be priced below their estimated value can offer potential advantages, especially when considering factors such as market resilience and government stimulus efforts in the region. Name Current Price Fair Value (Est) Discount (Est) Taiyo Yuden (TSE:6976) ¥2420.00 ¥4746.14 49% Lucky Harvest (SZSE:002965) CN¥41.69 CN¥81.92 49.1% Kanto Denka Kogyo (TSE:4047) ¥843.00 ¥1678.38 49.8% Heartland Group Holdings (NZSE:HGH) NZ$0.78 NZ$1.56 49.9% Good Will Instrument (TWSE:2423) NT$44.20 NT$87.29 49.4% Fuji (TSE:6134) ¥2247.50 ¥4448.27 49.5% Ficont Industry (Beijing) (SHSE:605305) CN¥26.48 CN¥52.37 49.4% Dive (TSE:151A) ¥924.00 ¥1813.20 49% cottaLTD (TSE:3359) ¥436.00 ¥859.36 49.3% BalnibarbiLtd (TSE:3418) ¥1162.00 ¥2283.94 49.1% Click here to see the full list of 300 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. Here's a peek at a few of the choices from the screener. Overview: APR Co., Ltd is a company that manufactures and sells cosmetic products for both men and women, with a market cap of ₩4.47 billion. Operations: The company's revenue is primarily derived from the Cosmetics Sector, which generates ₩1.00 billion, followed by the Clothing Fashion Sector with ₩49.44 million. Estimated Discount To Fair Value: 32.8% APR Co., Ltd. is trading at ₩120,800, significantly below its estimated fair value of ₩179,828.39, suggesting it may be undervalued based on cash flows. The company has shown robust earnings growth of 56.4% over the past year and is expected to continue growing at a significant rate of 28.6% annually over the next three years, outpacing the KR market's growth rate. However, its share price has been highly volatile recently despite high non-cash earnings quality. Upon reviewing our latest growth report, APR's projected financial performance appears quite optimistic. Get an in-depth perspective on APR's balance sheet by reading our health report here. Overview: Nongfu Spring Co., Ltd. is engaged in researching, developing, producing, and marketing packaged drinking water and beverage products primarily in Mainland China, with a market cap of approximately HK$444.80 billion. Operations: Nongfu Spring generates revenue from several segments, including CN¥15.95 billion from water products, CN¥16.74 billion from ready-to-drink tea products, CN¥4.08 billion from juice beverage products, and CN¥4.93 billion from functional drinks products. Estimated Discount To Fair Value: 18.9% Nongfu Spring, trading at HK$39.55, is undervalued relative to its fair value estimate of HK$48.77. Despite slower forecasted revenue growth of 10.7% annually compared to the broader market, its earnings are expected to grow slightly faster than the Hong Kong market at 10.5% per year. Recent board and auditor changes may influence corporate governance positively, while a dividend increase to RMB 0.76 per share reflects financial stability amidst modest profit growth projections. Our growth report here indicates Nongfu Spring may be poised for an improving outlook. Delve into the full analysis health report here for a deeper understanding of Nongfu Spring. Overview: Shengyi Electronics Co., Ltd. focuses on the research, development, production, and sales of printed circuit boards in China with a market cap of CN¥33.74 billion. Operations: Revenue Segments (in millions of CN¥): Estimated Discount To Fair Value: 45.5% Shengyi Electronics, trading at CN¥41.33, is undervalued with a fair value estimate of CN¥75.81. Earnings are expected to grow significantly at 35.2% per year, surpassing the broader Chinese market's growth rate. Recent financial results show strong performance with first-quarter revenue reaching CN¥1.58 billion and net income rising to CN¥200.18 million from the previous year's figures. A share repurchase program worth up to CN¥100 million further underscores its robust cash flow position. Our comprehensive growth report raises the possibility that Shengyi Electronics is poised for substantial financial growth. Click here and access our complete balance sheet health report to understand the dynamics of Shengyi Electronics. Access the full spectrum of 300 Undervalued Asian Stocks Based On Cash Flows by clicking on this link. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSE:A278470 SEHK:9633 and SHSE:688183. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
26-05-2025
- Health
- South China Morning Post
Ex-head of Hong Kong Consumer Council denies quitting due to Nongfu Spring debacle
The former head of the Hong Kong Consumer Council has denied her departure was prompted by the watchdog's unusual backdown over its controversial verdicts on a mainland brand of 'natural drinking water'. Gilly Wong Fung-han, who stepped down as chief executive of the council earlier this month at the end of her term, said she had done so after suffering from two serious bouts of cold that left her 'reflecting on life' and needing to 'take a rest'. But she conceded that the council had wronged Nongfu Spring, China's leading bottled water company, when it listed the brand in an incorrect category last year after warning of high levels of bromate in one of its products. 'It has always been our policy that we should be fair and objective, open and honest, and assume accountability,' Wong said in a radio interview on Monday. 'We handled the [Nongfu Spring] case in the same manner …. So, when we discovered that we made mistakes, we took a responsible step to rectify and make corrections.' Last July, the watchdog suggested consumers avoid buying bottled water after tests on various brands, including Nongfu Spring.
South China Morning Post
22-05-2025
- Business
- South China Morning Post
Hong Kong stocks retreat from 2-month high as Baidu slumps on AI concerns
Hong Kong stocks fell from a two-month high on Thursday, snapping two days of gains, with Chinese search engine operator Baidu slumping on concerns over the outlook of its artificial intelligence business. The Hang Seng Index eased 0.6 per cent to 23,693.91 as of 10.13am local time. The Hang Seng Tech Index declined 0.5 per cent. On the mainland, the CSI 300 Index slipped 0.1 per cent and the Shanghai Composite Index was little changed. Baidu slid 3 per cent to HK$83.55 after reporting a 20 per cent decline in adjusted first-quarter profit. Bottled-water maker Nongfu Spring lost 3.9 per cent to HK$37.05 and short-video platform Kuaishou Technology retreated 2.4 per cent to HK$49.15. Alibaba Group Holding lost 1.7 per cent to HK$121. Other major Asia-Pacific markets fell following a disappointing auction of US Treasuries. Japan's Nikkei 225 slipped 0.9 per cent, while South Korea's Kospi retreated 1.2 per cent and Australia's S&P/ASX 200 lost 0.5 per cent. Advertisement
South China Morning Post
10-02-2025
- Business
- South China Morning Post
China's super-rich have a new must-have possession: their own university
Even for China's richest man, it was a bold investment. Last month, beverage magnate Zhong Shanshan raised eyebrows when he announced plans to spend 40 billion yuan (US$5.5 billion) over the next decade to set up a private university called Qiantang University. Zhong, the founder of bottled drinks giant Nongfu Spring, said the new institution would have a clear vision: to advance scientific research, drive the application of new technologies and cultivate top-tier talent in strategic fields. His initiative is the latest in a growing wave of entrepreneur-funded universities in China, a product of a shift in how the country's business elite channels its wealth amid Beijing's intensifying push to develop national self-sufficiency in a slew of hi-tech industries. Just days before Zhong's announcement, the Ministry of Education granted approval to Fuyao University of Science and Technology (FYUST) – a new institution founded with a US$10 billion donation from Cao Dewang, the chairman of glass manufacturer Fuyao Group – to begin enrolling students this year. Meanwhile, the Eastern Institute of Technology (EIT), a university in the eastern port city of Ningbo funded by semiconductor mogul Yu Renrong, is preparing to welcome its first undergraduates later this year, after admitting its first batch of doctoral candidates in 2022. The 2024 China Philanthropy List, a report from the Hurun Research Institute that tracks the donations of wealthy Chinese, found that 70 per cent of the country's top donors prioritised education last year, up from 58 per cent in 2023.
