Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01475 NISSIN FOODS
RTNominal up4.950 +0.010 (+0.202%)
Others

04/02/2021 14:08

{I-bank focus}Daiwa lifts Nissin Foods (01475) to HK$7.5

[ET Net News Agency, 4 February 2021] Daiwa Research lifted its target price for Nissin
Foods (01475) to HK$7.5 from HK$7.4 and maintained its "hold" rating.
Nissin Japan announced its unaudited 3Q FY2021 (CY4Q 2020) results, which provided a
reference on the China segment's top line and operating profit as revenue was in line,
with a potential positive surprise on operating profit, the research house said.
Daiwa said Nissin Foods' operating profit is likely to come above its forecast due to
likely positives from the read-across. It believes the better-than-expected operating
profit growth was driven by stronger-than-expected sales volume growth in Hong Kong during
4Q 2020, which contributed a higher-than-expected operating margin expansion on a low base
in 4Q 2019 and potential higher-than-expected subsidies from the Hong Kong government.
(KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.