Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 15 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/taste-gourmet-group-ltd" target="_blank" data-smartkarma-citation="entities:27339:1" rel="noopener">Taste Gourmet Group Ltd (8371 HK)</a> reported solid numbers for Q2 2020. Revenue for Q2 2020  increased 36% YoY and profits were up 52% YoY. For H1 2020, inline with their profit warning revenue increased 46% and profits were up 118% YoY.  </p>
<p>The company announced an interim dividend of 1.5 cents, which is light on the payout ratio front at only 25% ( EPS : of 5.9 cents ).  Unfortunately, as mentioned in their short term outlook ( which we got from their profit warning attached below) they experienced a revenue decline of 23% in  October 2019. My thoughts prior to the quarter were that the company would increase its payout ratio but in light of the deteriorating sentiment it probably makes sense for them to keep the absolute dividend sticky and assess the situation on what they should pay out by the end of the year. </p>

Taste Gourmet Group Ltd (8371 HK) reported solid numbers for Q2 2020. Revenue for Q2 2020  increased 36% YoY and profits were up 52% YoY. For H1 2020, inline with their profit warning revenue increased 46% and profits were up 118% YoY.  
The company announced an interim dividend of 1.5 cents, which is light on the payout ratio front at only 25% ( EPS : of 5.9 cents ).  Unfortunately, as mentioned in their short term outlook ( which we got from their profit warning attached below) they experienced a revenue decline of 23% in  October 2019. My thoughts prior to the quarter were that the company would increase its payout ratio but in light of the deteriorating sentiment it probably makes sense for them to keep the absolute dividend sticky and assess the situation on what they should pay out by the end of the year. 

Taste Gourmet H1 2020 Great Numbers, Tough Q3 Sours It All