China's Feihe (06186) rose by more than 4% and rose 4.3% to HK$4.12 at press time, with a turnover of HK$44.69 million.
The Zhitong Finance App learned that China's Feihe (06186) rose by more than 4% and rose 4.3% to HK$4.12 at press time, with a turnover of HK$44.69 million.
According to the news, China Feihe previously announced its annual results. Notably, the company's dividend ratio in '23 was as high as 70%, which is a significant boost compared to 48% in the same period last year. China Merchants Securities said that Feihe's 24-year performance is expected to stabilize. As a high-quality target with high cash, the dividend rate increased dramatically in 23, and the dividend amount is expected to increase year by year in the future. It is recommended to focus on reversal opportunities.
Dahua Jixian believes that the birth rate is expected to increase in 2024. Coupled with management's expectations for performance and commitment to increase the dividend ratio, the company will upgrade its rating to purchase by 8.3 times PE in 2024 and 7.8 times PE in 2025. CICC believes that along with the implementation of the new national standard in February 23, it is expected that small and medium-sized brands may be expected to sell their share after 23 years of inventory removal. Currently, channel feedback indicates that Feihe's price market is stable. It is expected that the company's market share will continue to increase in 24 years, and revenue and performance may be relatively stable.