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Tingyi Signs Three-Year Supply Deal With Ting Qiao
Tingyi Holdings (00322) supplies beverages and food products to Tingyi and its subsidiaries.
Tingyi Holdings (00322) issued an announcement on October 25, 2024, stating that the company has entered into a product supply agreement with Dingqiao...
HSBC Research raises Master Kang (00322.HK) target price to 13.7 yuan, fundamental improvement.
HSBC Research released a report, optimistic about Nissin Foods (00322.HK) prospects. Although domestic travel consumption has downgraded, Nissin Foods remains one of the main beneficiaries. The company's higher profit potential is believed to have not been fully reflected in the stock price yet. They maintain a 'buy' rating with the target price raised from 11 yuan to 13.7 yuan. HSBC stated that the current market environment supports Nissin Foods' stable recovery in market share, thus raising revenue forecasts for the instant noodles and beverage business over the next two years, increasing overall revenue forecasts by 0.4% to 0.9%, while profit forecasts are also raised by 0.4% and 6.4% respectively. HSBC stated that they have a positive outlook on Nissin.
[Brokerage Focus] HSBC Research raised tingyi (00322) target price by 24.5%, citing its dividend payout ratio significantly higher than the industry average level.
Golden finance news | HSBC Global Research report, since August 2024, Tingyi Holdings (00322) stock price has risen by 31%, outperforming the Hang Seng Index and industry average. The bank believes that this is due to the improvement in profitability and a dividend payout ratio of 100%, which is rare in the current consumer market, hence favored by investors. It is believed that with the continuous growth trend of tourist traffic but lower per capita consumption, Tingyi is still one of the main beneficiaries. The bank expects the company's net profit compound annual growth rate from 2023 to 2026 to reach 14.8%. The bank has raised its net profit forecast for 2025/26 by 0.4.
[Brokerage Focus] Changjiang Securities initiates a 'buy' rating on Tingyi (00322), suggesting that profit capabilities are expected to continue to improve.
Jingu Finance News | Changjiang Securities issued research reports indicating that Tingyi (00322) is a platform-type food and beverage company mainly focused on bottled water and convenience foods. After entering the China market for over 30 years, it has achieved continuous growth in revenue and profits through solid channel cultivation and a rich product/brand matrix. The firm pointed out that traditional beverage and convenience food products are entering a stage of stable sales volume and accelerated product iteration, driving a new growth curve. In addition, the company's early price increase is expected to promote product upscale iteration, lead the industry into a new round of price increases, improve competitive landscape, and enhance profitability. The firm further stated that accelerating price increase through product structure optimization.
BOCI Research of Bank of China International: Optimistic about the Hong Kong stock market outlook for the fourth quarter, short-term recommendation to focus more on large banks, major state-owned real estate enterprises, leading construction companies, an
BOCI Research reports that the trading volume in the Hong Kong stock market over the past two weeks has hit a historical high. The bank believes that the funds flowing into Hong Kong stocks are mainly trading funds and passive funds, leading to short-term market volatility. CICC believes that a more flexible monetary policy combined with a comprehensive and proactive fiscal policy is key to driving economic growth and improving the fundamentals of listed companies, which will help restore stock market valuations. The bank remains optimistic about the outlook for the Hong Kong stock market in the fourth quarter. In terms of major investment strategies, it is recommended that investors focus more on large banks, large state-owned real estate companies, leading construction companies, and high-quality stocks in the short term.
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