Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00322 TINGYI
RTNominal down10.660 -0.220 (-2.022%)
Others

01/12/2020 17:50

{I-bank focus}Goldman lowers Tingyi (00322) to HK$15

[ET Net News Agency, 1 December 2020] Goldman Sachs lowered its target price for Tingyi
(Cayman Islands) Holding (00322) to HK$15 from HK$16 and maintained its "neutral" rating.
The research house fine-tuned its EPS estimates for FY2020-22 by up to 3% mainly to
reflect faster beverage sales growth and slower noodles sales in 2H. Goldman expects
beverage sales to grow by 13%, as the water price hike was removed, and the segment may
also enjoy some benefits from more outdoor activities and distributor de-layering.
For noodles, Goldman expects growth to slow down but expects premium noodles to still
out-perform. Also, higher palm oil costs and lower sugar and PET prices shall depress
noodles segment margin and boost the beverages margin.
As a result, Goldman estimated 10% sales growth and 12% EPS growth for 2H. For 2021, it
expects flattish EPS growth considering more normalized consumer behavior with the
COVID-19 situation generally under control in China. (KL)

Remark: Real time quote last updated: 19/09/2024 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.