In today’s briefing:
- Hengan/Vinda: Pulp Friction
- Tyson Foods Inc.: Chicken’s Comeback and What That Means for the Market! – Major Drivers
Hengan/Vinda: Pulp Friction
- Hengan International Group (1044 HK) and Vinda International (3331 HK) are both market leaders in China’s personal care industry.
- Hengan’s operations have greater exposure to sanitary napkins and diapers; whereas tissues account for 83% of Vinda’s revenue. Both companies have been impacted by an increase in wood pulp prices.
- Hengan is trading cheap; but Vinda’s bottom line is forecast to return to its glory days. Plus rumours of a possible takeover of Vinda continue to do the rounds.
Tyson Foods Inc.: Chicken’s Comeback and What That Means for the Market! – Major Drivers
- Tyson Foods, Inc. delivered disappointing results as the company could not meet the revenue and earnings expectations of Wall Street.
- Lower profitability in their Beef and Chicken segments accounted for more than 90% of the reduction in adjusted operating profit.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
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