Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 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

HK High ROCE - Compounders Hiding in Plain Sight

Plover Bay Technologies (1523 HK): Starlink Mobile Is a Tailwind; Spin-Off Expected in 2027

Taste Gourmet (8371 HK): 6.5x PE, 8.5% Div Yield/Tailwinds From An Improving HK Retail Environment

Taste Gourmet (8371 HK): 6.9x FY26PE, 8.5% Div Yield, 32% Of Mkt Cap In Cash, Improving HK Retail

Taste Gourmet FY26: Profit Surges 23% YoY, 9% Trailing Dividend Yield, And 37% Of Mkt Cap In Cash

Water Oasis (1161 HK) H1FY26: Service Revenue Growth Inflects And More Cash Gushes In

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

<ul>
<li>Since our last insight, <a href="https://www.smartkarma.com/insights/taste-gourmet-fy26-profit-surges-23-yoy-9-trailing-dividend-yield-and-37-of-mkt-cap-in-cash" target="_blank" data-smartkarma-citation="insights:244214" rel="noopener">Taste Gourmet FY26: Profit Surges 23% YoY, 9% Trailing Dividend Yield, and 37% Of Mkt Cap In Cash</a>, the stock has gone ex-dividend (9 cents/share).</li>
<li>We expect an improving HK retail environment to drive at least 10% growth in sales and profit for FY27, implying a 5.9x PE and a 9.7% dividend yield (19 cents/share). </li>
<li>With net cash of 266 mn HKD in FY26 (34% of market capitalization) and &gt;40% ROCEs, we expect further cash growth on the balance sheet, leading to higher payouts.</li>
</ul>


Since our last insight, Taste Gourmet FY26: Profit Surges 23% YoY, 9% Trailing Dividend Yield, and 37% Of Mkt Cap In Cash, the stock has gone ex-dividend (9 cents/share).
We expect an improving HK retail environment to drive at least 10% growth in sales and profit for FY27, implying a 5.9x PE and a 9.7% dividend yield (19 cents/share). 
With net cash of 266 mn HKD in FY26 (34% of market capitalization) and &gt;40% ROCEs, we expect further cash growth on the balance sheet, leading to higher payouts.


Taste Gourmet (8371 HK) - 5.9x PE, 9.7% Dividend Yield And 34% Of The Mkt Cap In Cash

Taste Gourmet Group

Taste Gourmet (8371 HK) - 5.9x PE, 9.7% Dividend Yield And 34% Of The Mkt Cap In Cash