- Tingyi’s net income for the fiscal year was 3.12 billion yuan, falling short of the estimated 3.35 billion yuan.
- Revenue for the year was also below expectations at 80.42 billion yuan, compared to the estimated 82.83 billion yuan.
- However, the Ebitda (Earnings before interest, taxes, depreciation, and amortization) exceeded estimates, coming in at 8.21 billion yuan against the estimated 8.05 billion yuan.
- The gross margin was on target with estimates, at 30.4%.
- On the market, Tingyi received 23 buys, 2 holds, and 2 sells.
Tingyi Holding on Smartkarma
According to Douglas Kim, a top independent analyst on Smartkarma, shares of Tingyi Holding are currently oversold with high dividend yield and attractive valuations. In his recent research report titled “Asian Dividend Gems: Tingyi Holding“, he highlights that the company’s core businesses are turning around, making it a promising investment opportunity. The consensus among analysts is that Tingyi Holding will have a dividend yield of 6.1% in 2023, with an expected dividend per share of HKD 0.62. This is an improvement from the company’s average annual dividend yield of 5% from 2018 to 2022.
Tingyi Holding is a well-known producer and distributor of instant noodles and beverages in China. Its popular brand “Master Kong” has a strong presence in the Chinese market. With its current oversold status and positive outlook, Tingyi Holding is definitely a stock to watch out for in the coming years. Investors can access more in-depth analysis and research on the company on Smartkarma, an independent investment research network where top analysts like Douglas Kim publish their insights on companies like Tingyi Holding.
A look at Tingyi Holding Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Tingyi Holding, a company that produces and sells instant noodles, baked goods, and beverages in China, has been given a Smartkarma Smart Score of 2 for value, 5 for dividend, 3 for growth, 3 for resilience, and 2 for momentum. This indicates a positive long-term outlook for the company.
The company’s high dividend score of 5 suggests that it is financially stable and able to provide consistent returns to its shareholders. Additionally, its resilience score of 3 means that the company is well-equipped to withstand any potential economic downturns. However, with a growth score of only 3 and a momentum score of 2, Tingyi Holding may face some challenges in expanding its business and maintaining its current momentum in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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