Financial News
Written by: Kwong Yueting
2020-07-27 18:40
Last update date: 2020-07-27 18:40According to a report issued by Morgan Stanley, other major food stocks have experienced an average increase of 17% during the year-to-date period. However, the stock price of Nissin Foods (1475) has lagged significantly, mainly due to its poor performance in the first quarter and concerns about continued sales of noodle products in the second quarter. Fell. However, the market ignores Nissin’s long-term premium advantage and its long-term profit margin growth potential after expansion.
The bank predicts that Nissin’s operating profit in the second quarter will rise by 30%, and profit will rise by 40%. It is estimated that there will be a 70% to 80% chance of a rise in its share price in the next 45 days. It has a target price of RMB 8.6 and a rating of “overweight”.
Yamato believes that Hong Kong has implemented measures to ban dine-in meals to stimulate short-term demand for instant noodles. The bank has confidence in the company’s future development in the high-end instant noodle market. Therefore, the target price of Nissin is raised from 6.93 yuan to 8.2 yuan, and the rating is "Outperform" Big City".
Nissin had a record high of 7.76 yuan, a record high, and closed at 7.7 yuan, up 10%, with a turnover of 110 million yuan
Housing economy drives demand for instant noodles, Nissin earns nearly 8% more in the first quarter
Nissin Foods
