Tingyi’s Q4 Earnings Recovered, but Market Share Erosion Persisted; Raising FVE to HKD 5.60
No-moat-rated Tingyi’s fourth-quarter 2016 earnings were largely in line with our forecasts, with revenue down 0.7% year on year and an improvement in the bottom line to a $36 million loss, up from an $86 million loss in the year-ago quarter. As we expected, instant noodles and beverages continued to recover from the prior quarter, thanks to moderate growth from juice and carbonated drinks and new product launches (the Premium Soup instant noodle series), alongside a low base from a year ago. Qu...Tingyi Cayman Islands Holdings is an investment holding company and engaged in trading of spare parts of machineries and raw materials. Co. and its subsidiaries are principally engaged in the manufacture and sale of instant noodles, beverages and instant food products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.