[ET Net News Agency, 5 September 2019] Goldman Sachs lifted its target price for Yihai
International Holding (01579) to HK$46.3 from HK$43.5 and maintained its "neutral" rating.
The research house said Yihai's 1H earnings were in line with a beat on third party
sales offset by higher OPEX.
Looking ahead, Goldman still sees meaningful growth opportunities for Yihai, based on
(1) persistent momentum from third-party business driven by the refined sales incentive
program, logistic enhancements, persistent distribution penetration, and product
innovation; and (2) resilient related party growth along with Haidilao's (06862)
aggressive expansion.
Goldman revised up its 2019-21 net income forecasts by 1-8% to factor in stronger
third-party growth, higher OPEX and the ever-increasing productivity. (KL)
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01579 YIHAI INTL
Nominal 
14.780 -0.080 (-0.538%) Research Report
05/09/2019 15:01
{I-bank focus}Goldman lifts Yihai Int'l (01579) to HK$46.3
| Remark: | Real time quote last updated: 18/04/2024 12:36 |
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