bullish
Asian Dividend Gems: Fufeng
543 Views02 Dec 2023 18:21
SUMMARY
- Fufeng (546 HK)'s core businesses include food additives such as MSG, animal nutrition, high-end amino acids, and colloid such as xanthan gum.
- Xantham gum is increasingly becoming popular as millions of people around the world purchase gluten free foods.
- Fufeng's dividend yield averaged 7.5% annually from 2018 to 2022. Its current dividend yield is about 11-12%. Fufeng is trading at P/E of 2.9x and EV/EBITDA of 1.8x in 2024.
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