bullish
Asian Dividend Gems: Tingyi Holding
Douglas has highlighted this Insight as a Top Pick
808 Views27 Oct 2023 22:28
SUMMARY
- Shares of Tingyi Holding are oversold. It has high dividend yield and attractive valuations. Its core instant noodles and beverage businesses are turning around this year.
- The consensus expects DPS of HKD 0.62 for Tingyi in 2023 which would suggest a dividend yield of 6.1%. Tingyi Holding's dividend yield averaged 5% annually from 2018 to 2022.
- Tingyi's "Master Kong" instant noodle is one of the best known brands in China. The company is also one of the largest producers and distributors of beverages in China.
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