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[Brokerage Focus] HSBC Research raises target price for Tingyi (00322) by 7.2%, but downgrades rating to "hold".
According to a research report by HSBC Global Research, Tingyi (00322) has reflected most of the positive factors in its stock price, which has risen 29% since February 22nd, mainly due to factors such as low valuation, high dividend, and rising product prices. However, the fundamentals are slightly weaker than the bank's expectations, and raw material prices have remained unchanged since the beginning of the year, but the recovery of instant noodles is weaker than expected. Therefore, the forecast for this year's instant noodle revenue growth is lowered from 3% to 1%, and for beverages, although the price increase is unfavorable to short-term sales, it is expected to gradually ease, so the forecast for 2024 revenue growth remains unchanged at 6% year-on-year. The bank's downward
Tingyi (Cayman Islands) Holding (HKG:322) Has Some Way To Go To Become A Multi-Bagger
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Amongst other things, we'll want to see two things; firstly, a gr
Tingyi (Cayman Islands) Holding Corp. Goes Ex Dividend Tomorrow
Tingyi (00322) will distribute a final dividend of HKD0.29765 per share on July 10.
Tingyi (00322) has announced that it will distribute a final dividend of HKD 0 per share on July 10, 2024.
TINGYI: POLL RESULTS FOR THE ANNUAL GENERAL MEETING HELD ON 7 JUNE 2024 AND PAYMENT OF FINAL DIVIDENDS AND SPECIAL FINAL DIVIDENDS
Tingyi (00322) rose more than 4% in the afternoon of the Hong Kong stock connect. Institutions pointed out that its price increase has a positive impact and is expected to slightly increase the net margin.
Jingu Finance News | Tingyi (00322) has a strong performance, with an increased afternoon increase. As of the time of publication, it is reported at HKD 9.97, up 4.07%, with a turnover of HKD 51.5542 million. On the news front, Haitong International released a research report stating that due to Tingyi's significant advantages in both the instant noodle and soft drink industries, as well as its high attractive dividend yield of 6.2%, it is initially covered with a rating of "outperform" and a target price of HKD 12.1. Based on Tingyi's price increase and controllable raw material and cost inputs, Haitong International predicts that the group's gross margin will increase by 0.6 percentage points this year, and the net margin will
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