Report published September 1, 2026
Weilong Delicious (9985.HK): Goldman Sachs Asia Leaders Conference 2026 Takeaways
Source and citation context
- Issuer
- Goldman Sachs
- Report date
- September 1, 2026
- Analysis as of
- September 1, 2026
Authors / editors: Valerie Zhou, Adrian Chung, Leaf Liu, Christina Liu
Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Goldman Sachs hosted Weilong Delicious Global Holdings at its Asia Leaders Conference 2026, reiterating a Buy rating with a 12-month target price of HK$9.76. Management highlighted resilient 46%–48% gross margins, robust new konjac product traction, and a balanced multi-channel distribution strategy.
Key Takeaways
- 1.3QTD trading performance has remained stable through July and August 2026, with gross profit margin expected to remain resilient at 46%–48%.
- 2.Product innovation in konjac remains robust, with new SKUs (porcini mushroom and pounded chicken feet) delivering over RMB100mn in combined July sales and supported by an R&D pipeline of over 100 projects.
- 3.Weilong is pursuing a balanced channel strategy, using value retailers (expected ~35% of FY26 revenue) while expanding instant retail, direct key accounts, and convenience stores to mitigate single-channel concentration.
Table of Contents
- Key takeaways:
- 1. 2H26 Outlook & Recent Updates:
- 2. Product Performance & Strategy:
- 3. Channel Strategy:
- Price Target, Risks, and Methodology - Weilong Delicious Global Holdings
- Disclosure Appendix
Report data
Weilong Delicious Global Holdings Valuation and Forecast Summary — as of September 1, 2026.
| Metric | Estimate | Context |
|---|---|---|
| 12-month Price Target | 9.76 HK$ | Valuation target based on 14X P/E on FY2027E EPS discounted back at 8.6% |
| Closing Stock Price | 7.60 HK$ | Stock price as of 1 Sep 2026 close representing 28.5% upside to target price |
| Gross Profit Margin (GPM) Range | 46%-48%% | Expected gross profit margin range guided by management |
| Monthly Sales of New Konjac Products (Porcini + Chicken Feet) | >100 RMB mn | Combined sales generated by porcini mushroom and pounded chicken feet konjac snacks |
| Monthly Sales of Sesame Konjac | >80 RMB mn | Monthly sales run-rate for Weilong's most mature konjac SKU |
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Authors / Editors
Reported Data Context
- 12-month Price Target: 9.76 HK$ (12-month forward) · Source: Goldman Sachs Research estimates
- Closing Stock Price: 7.60 HK$ (2026-09-01) · Source: FactSet
- Gross Profit Margin (GPM) Range: 46%-48% % (2H26) · Source: Company data
- Monthly Sales of New Konjac Products (Porcini + Chicken Feet): >100 RMB mn (July 2026) · Source: Company data
- Monthly Sales of Sesame Konjac: >80 RMB mn (Current monthly run-rate) · Source: Company data
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