bullish
Asian Dividend Gems: Fufeng
532 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.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
x