In a report released on December 21, Anne Ling from Jefferies maintained a Buy rating on Tingyi (Cayman Islands) Holding (TCYMF – Research Report), with a price target of HK$15.60. The company’s shares closed last Monday at $1.17.
Ling covers the Consumer Cyclical sector, focusing on stocks such as Yum China Holdings, Samsonite International SA, and Chow Tai Fook Jewellery Group. According to TipRanks, Ling has an average return of -3.6% and a 32.35% success rate on recommended stocks.
Currently, the analyst consensus on Tingyi (Cayman Islands) Holding is a Moderate Buy with an average price target of $1.80, implying a 54.37% upside from current levels. In a report released on December 18, Macquarie also maintained a Buy rating on the stock with a HK$12.50 price target.
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TCYMF market cap is currently $6.62B and has a P/E ratio of 15.39.
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Tingyi (Cayman Islands) Holding (TCYMF) Company Description:
Tingyi (Cayman Islands) Holding Corp. operates as an investment holding company. It operates through the following business segments: Instant Noodles, Beverages, Instant Food, and Others. The Others segment includes investment holding, properties investment for rental purpose, logistics and supportive functions. The company was founded in 1992 and is headquartered in Shanghai, China.
