Jefferies analyst Anne Ling maintained a Buy rating on Tingyi (Cayman Islands) Holding (TCYMF – Research Report) on January 1 and set a price target of HK$15.60. The company’s shares closed yesterday at $1.18.
According to TipRanks, Ling is a 2-star analyst with an average return of 0.0% and a 48.05% success rate. Ling covers the Consumer Cyclical sector, focusing on stocks such as Samsonite International SA, Chow Tai Fook Jewellery Group, and Yum China Holdings.
Tingyi (Cayman Islands) Holding has an analyst consensus of Moderate Buy, with a price target consensus of $1.80, implying a 53.11% 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 $6.69B and has a P/E ratio of 15.27.
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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.
