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01579 YIHAI INTL
RTNominal up15.440 +0.120 (+0.783%)
Others

31/07/2019 10:56

{I-bank focus}Jefferies lifts Yihai Int'l (01579) to HK$41

[ET Net News Agency, 31 July 2019] Jefferies Research lifted its target price for Yihai
International Holding (01579) to HK$41 from HK$28.8 to reflect the robust momentum in both
condiments and small hot pots. It maintained its "hold" rating noting that the stock is
fairly valued.
The research house expects Yihai to report a revenue beat (+53%) in 1H with a 45% net
profit growth capped by rising SG&A (60% for A&P and new plants).
Jefferies estimated the company to deliver a net profit CAGR of 37% on 36% sales CAGR in
2018-21. (KL)

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