Taste Gourmet Group Watchlist
Taste Gourmet: Great Reopening Play
985 Views, 08 Dec 2021 21:03
Taste Gourmet Group Ltd (8371 HK) represents a great opportunity to capture growth and value. With 8% net margins, the company outperformed its peers in a depressed environment.
- Trading at a 5.8x FY22 PE with 29% of the market capitalization in cash, the company has a significant margin of safety. Reopening could easily result in the stock doubling.
- The company paid 0.04 HKD/share of dividend for H1 2022, representing a 9% dividend yield annualized. With seasonally higher earnings, we believe dividends can be higher.