[ET Net News Agency, 20 November 2019] Daiwa Research lifted its target price for Want
Want China (00151) to HK$9.2 from HK$8 and maintained its "underperform" rating.
The research house said Want Want's 1H FY2020 net profit grew by 18% to CNY1.63bn,
beating Daiwa's expectation on a higher gross margin.
Daiwa revised its FY2020-22 revenue forecasts slightly on better ASP but worse volume
assumptions. It also raised its FY2020-22 EPS estimates by 2-3% on higher gross margin
assumptions.
Daiwa sees Want Want's valuation as attractive with an FCF (free cash flow) yield of 6%
and its commitment to return FCF to shareholders via dividends and share buybacks, and its
low capex needs. (KL)
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00151 WANT WANT CHINA
Nominal 
4.420 +0.010 (+0.227%) Others
20/11/2019 15:05
{I-bank focus}Daiwa raises Want Want China (00151) to HK$7.8
| Remark: | Real time quote last updated: 18/04/2024 12:50 |
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