bullish

Taste Gourmet

Taste Gourmet: Multibagger Reopening Play

2.1k Views12 Apr 2022 11:03
SUMMARY
  • The relaxing of restrictions by Hong Kong makes Taste Gourmet Group Ltd (8371 HK) a great reopening play, trading at 8.8x FY22e and 5.6x FY23e.
  • Despite a challenging environment, the company has executed well, maintaining net margins north of 7-8%, which are far superior to other listed competitors.
  • With >60% payout ratios, it trades at a dividend yield of 6.7%/11.4% FY22e/FY23e. Since 29% of the market capitalization is cash, we are confident in the dividend payments.
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Sameer Taneja
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