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Tingyi (Cayman Islands) Holding Corp (HK:0322)
:0322

Tingyi (Cayman Islands) Holding (0322) AI Stock Analysis

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HK

Tingyi (Cayman Islands) Holding

(OTC:0322)

Rating:67Neutral
Price Target:
HK$12.50
▲(8.51%Upside)
The stock shows strong financial performance driven by revenue growth and profitability, although cash flow issues present a notable risk. Technical indicators suggest bearish trends, affecting the stock's attractiveness. Valuation is fair with a moderate P/E ratio and a decent dividend yield.
Positive Factors
Market Position
Tingyi is one of the leading FMCG players in China, being the largest instant noodle player with a market share of 31.2%.
Net Earnings Growth
Net earnings growth remains on track, thanks to favorable raw material costs such as PET and sugar.
Stock Yield
The stock offers an attractive yield of over 6%.
Negative Factors
Comparative Performance
Tingyi has underperformed UPC on a 1-month basis by 7% and is now trading at 14.4x FY25E PE.
Raw Material Costs
Prices of raw materials such as palm oil have increased, which may have a counter effect on margins.
Topline Pressure
The company's topline is expected to face pressure from both categories, with lower expectations for instant noodles and RTD beverages.

Tingyi (Cayman Islands) Holding (0322) vs. iShares MSCI Hong Kong ETF (EWH)

Tingyi (Cayman Islands) Holding Business Overview & Revenue Model

Company DescriptionTingyi (Cayman Islands) Holding Corp., an investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People's Republic of China. The company operates through Instant Noodles, Beverages, and Others segments. It offers ready-to-drink teas, juices, milk tea, bottled water, and carbonated soft drinks, as well as coffee drinks/functional drinks/probiotics. The company also provides property rental and management, logistics, management, and support services; and manufactures and sells meat and bakery products. As of December 31, 2021, it operated a sales network of 340 sales offices and 341 warehouses serving 80,726 wholesalers and 256,567 direct retailers. The company was founded in 1992 and is headquartered in Shanghai, the People's Republic of China.
How the Company Makes MoneyTingyi (Cayman Islands) Holding Corp. generates revenue through the sale of its food and beverage products across China. The company's key revenue streams include instant noodles, beverages, and convenience foods, with each category contributing significantly to its overall earnings. The instant noodle segment is a major revenue driver, leveraging the popularity of its Master Kong brand. The beverage segment, which includes ready-to-drink tea and bottled water, also plays a crucial role in its revenue generation. Additionally, Tingyi benefits from strategic partnerships, such as its alliance with PepsiCo for beverage production and distribution, which enhances its market reach and product offerings. The company capitalizes on a robust distribution network, ensuring widespread availability of its products in retail outlets, supermarkets, and convenience stores across China.

Tingyi (Cayman Islands) Holding Financial Statement Overview

Summary
Tingyi (Cayman Islands) Holding demonstrates strong revenue growth and profitability with improving profit margins. The balance sheet shows reduced leverage and effective use of equity. However, cash flow concerns, particularly the absence of free cash flow in 2024, highlight potential liquidity risks.
Income Statement
85
Very Positive
Tingyi (Cayman Islands) Holding shows strong revenue growth, with a consistent increase from 2019 to 2024, reaching HKD 80.65 billion. The gross profit margin improved to 33.09% in 2024, up from 31.33% in 2023. EBIT and EBITDA margins are healthy at 7.22% and 10.75% respectively for 2024, reflecting efficient operations. Net profit margin increased to 4.63% in 2024, indicating improved profitability. Overall, the company demonstrates strong revenue growth and profitability, although the EBIT margin has slightly decreased since 2020.
Balance Sheet
78
Positive
The company's balance sheet is solid with a debt-to-equity ratio of 0.95 in 2024, improved from 1.01 in 2023, showing a reduction in leverage. The equity ratio stands at 26.78%, reflecting a moderate reliance on equity financing. Return on equity improved to 26.24% in 2024, indicating effective utilization of shareholder capital. However, there is a downward trend in total assets since 2020, which could limit future growth opportunities.
Cash Flow
60
Neutral
Cash flow analysis reveals some concerns, particularly with free cash flow, which was zero in 2024. Operating cash flow to net income ratio could not be calculated due to unavailable operating cash flow data for 2024. In previous years, the company showed positive free cash flow, but the lack of data for 2024 raises concerns about cash generation and sustainability. The company needs to ensure consistent cash flow to support operations and growth.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue80.65B80.42B78.72B74.08B67.62B
Gross Profit26.70B24.47B22.90B22.51B22.43B
EBITDA8.67B8.75B7.86B9.17B10.03B
Net Income3.73B3.12B2.63B3.80B4.06B
Balance Sheet
Total Assets53.15B53.15B58.45B60.31B61.53B
Cash, Cash Equivalents and Short-Term Investments9.69B11.53B14.03B16.56B21.39B
Total Debt13.52B14.06B17.92B14.02B14.01B
Total Liabilities35.53B35.93B41.63B37.90B36.79B
Stockholders Equity14.23B13.89B13.37B18.66B21.11B
Cash Flow
Free Cash Flow4.66B1.85B1.24B2.42B6.32B
Operating Cash Flow8.26B5.49B4.48B5.42B8.55B
Investing Cash Flow-2.86B-3.72B-3.38B-4.04B-2.89B
Financing Cash Flow-4.67B-7.32B-4.62B-6.94B-1.63B

Tingyi (Cayman Islands) Holding Technical Analysis

Technical Analysis Sentiment
Negative
Last Price11.52
Price Trends
50DMA
12.29
Negative
100DMA
12.03
Negative
200DMA
11.19
Positive
Market Momentum
MACD
-0.19
Negative
RSI
41.40
Neutral
STOCH
70.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0322, the sentiment is Negative. The current price of 11.52 is below the 20-day moving average (MA) of 11.73, below the 50-day MA of 12.29, and above the 200-day MA of 11.19, indicating a neutral trend. The MACD of -0.19 indicates Negative momentum. The RSI at 41.40 is Neutral, neither overbought nor oversold. The STOCH value of 70.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0322.

Tingyi (Cayman Islands) Holding Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
$64.92B13.8725.49%4.69%-3.11%15.29%
75
Outperform
$98.66B7.8415.73%20.81%-1.46%155.31%
71
Outperform
HK$7.18B37.195.15%1.40%3.95%-42.81%
68
Neutral
¥197.78B21.088.29%2.34%4.99%3.05%
67
Neutral
HK$64.93B16.0326.55%3.14%-1.69%17.32%
64
Neutral
HK$51.63B13.3214.06%2.86%4.18%3.39%
61
Neutral
$64.40B570.930.21%24.79%-11.90%-97.93%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0322
Tingyi (Cayman Islands) Holding
11.52
1.94
20.29%
HK:6186
China Feihe Limited
5.70
2.35
70.15%
HK:1475
Nissin Foods Co., Ltd.
6.88
2.23
47.96%
HK:0151
Want Want China Holdings
5.49
1.02
22.76%
HK:0288
WH Group
7.59
3.05
67.14%
HK:2319
China Mengniu Dairy Co
16.12
2.80
20.99%

Tingyi (Cayman Islands) Holding Corporate Events

Tingyi Clarifies Dividend Record Date for Shareholders
Jun 13, 2025

Tingyi (Cayman Islands) Holding Corp. announced a clarification regarding the record date for shareholders’ entitlement to final and special final dividends. The correct record date is 17 June 2025, rectifying a clerical error that previously stated it as 16 June 2025. This announcement ensures accurate information for shareholders regarding their dividend entitlements, maintaining transparency and trust in the company’s communications.

The most recent analyst rating on (HK:0322) stock is a Hold with a HK$13.80 price target. To see the full list of analyst forecasts on Tingyi (Cayman Islands) Holding stock, see the HK:0322 Stock Forecast page.

Tingyi Announces Dividend Approval and Payment Schedule
Jun 5, 2025

Tingyi (Cayman Islands) Holding Corp. announced the results of its Annual General Meeting held on June 5, 2025, which included the approval of final and special final dividends for the financial year ending December 31, 2024. The dividends will be paid at RMB 0.3314 per share, with a default currency payment in HKD at an exchange rate of RMB 1 to HKD 1.0927. The ex-dividend date is set for June 11, 2025, with payment scheduled for July 9, 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may positively impact its market positioning by reinforcing investor confidence.

The most recent analyst rating on (HK:0322) stock is a Hold with a HK$13.80 price target. To see the full list of analyst forecasts on Tingyi (Cayman Islands) Holding stock, see the HK:0322 Stock Forecast page.

Tingyi Announces Final Dividend Payout Post-AGM
Jun 5, 2025

Tingyi (Cayman Islands) Holding Corp. announced the results of its Annual General Meeting held on June 5, 2025, where shareholders approved the payment of final and special final dividends for the financial year ending December 31, 2024. The dividend will be paid at RMB 0.3314 per share, with an exchange rate set at RMB 1 to HKD 1.0927, translating to HKD 0.36212 per share. This decision reflects the company’s commitment to delivering shareholder value and may positively impact its stock performance and investor relations.

The most recent analyst rating on (HK:0322) stock is a Hold with a HK$13.80 price target. To see the full list of analyst forecasts on Tingyi (Cayman Islands) Holding stock, see the HK:0322 Stock Forecast page.

Tingyi Secures Approval for Key Supply and Logistics Agreements
Jun 5, 2025

Tingyi (Cayman Islands) Holding Corp. announced that all ordinary resolutions proposed at its Extraordinary General Meeting (EGM) on June 5, 2025, were approved. The resolutions included the approval of the Tingzheng Supply Agreement, Marine Vision Supply Agreement, and Ting Tong Logistics Agreement, which are expected to enhance the company’s operational capabilities. The approval of these agreements signifies a strategic move to strengthen the company’s supply chain and logistics operations, potentially improving its market positioning and operational efficiency.

The most recent analyst rating on (HK:0322) stock is a Hold with a HK$13.80 price target. To see the full list of analyst forecasts on Tingyi (Cayman Islands) Holding stock, see the HK:0322 Stock Forecast page.

Tingyi Announces Board Changes: New Director Appointed
Jun 5, 2025

Tingyi (Cayman Islands) Holding Corp. announced a change in its board of directors, with Mr. Lee Tiong Hock retiring as an independent non-executive director and chairman of the Audit Committee. He will continue as a consultant to the company. Mr. Man Mo Leung has been appointed to fill the vacancy left by Mr. Lee, bringing over 30 years of experience in auditing and corporate advisory services. This change is expected to strengthen the company’s governance and oversight capabilities.

The most recent analyst rating on (HK:0322) stock is a Hold with a HK$13.80 price target. To see the full list of analyst forecasts on Tingyi (Cayman Islands) Holding stock, see the HK:0322 Stock Forecast page.

Tingyi Announces New Board and CEO Appointments
Jun 5, 2025

Tingyi (Cayman Islands) Holding Corp has announced the updated list of its board of directors and chief executive officer, effective from June 5, 2025. The announcement includes the appointment of Wei Hong-Ming as Chairman and Chen Yinjiang as the Chief Executive Officer, along with the composition of two board committees, which are the Audit Committee and the Remuneration and Nomination Committee.

The most recent analyst rating on (HK:0322) stock is a Hold with a HK$13.80 price target. To see the full list of analyst forecasts on Tingyi (Cayman Islands) Holding stock, see the HK:0322 Stock Forecast page.

Tingyi Announces Successful AGM Resolutions and Dividend Approvals
Jun 5, 2025

Tingyi (Cayman Islands) Holding Corp. announced that all resolutions proposed at their Annual General Meeting on June 5, 2025, were approved by shareholders. The resolutions included the approval of final and special dividends, re-election of directors, and the re-appointment of auditors, which indicate strong shareholder support and stability in the company’s governance. This approval is expected to positively impact the company’s operations and reinforce its position in the market.

The most recent analyst rating on (HK:0322) stock is a Hold with a HK$13.80 price target. To see the full list of analyst forecasts on Tingyi (Cayman Islands) Holding stock, see the HK:0322 Stock Forecast page.

Tingyi Announces 2025 AGM with Key Resolutions on Dividends and Share Buy-Back
Apr 23, 2025

Tingyi (Cayman Islands) Holding Corp. has announced its Annual General Meeting scheduled for June 5, 2025, in Shanghai, China. The agenda includes the approval of audited accounts, payment of final and special dividends for 2024, re-election of directors, and re-appointment of auditors. Additionally, a resolution to grant directors a mandate to buy back company shares, not exceeding 10% of the total issued shares, will be considered. This announcement reflects the company’s ongoing efforts to maintain shareholder value and strategic governance.

Tingyi Announces Key Supply and Logistics Agreements
Apr 23, 2025

Tingyi (Cayman Islands) Holding Corp. has announced an extraordinary general meeting to approve three significant agreements that will impact its operations until 2028. The agreements include the Tingzheng Supply Agreement for flexible plastic packaging, the Marine Vision Supply Agreement for carton box products, and the Ting Tong Logistics Agreement for logistics services. These agreements are expected to enhance the company’s supply chain and operational efficiency, potentially strengthening its market position and benefiting stakeholders.

Tingyi Announces New Board and CEO Appointments
Apr 11, 2025

Tingyi (Cayman Islands) Holding Corp has announced the composition of its board of directors and chief executive officer as of April 11, 2025. The board includes both executive and independent non-executive directors, with Wei Hong-Ming serving as Chairman and Chen Yinjiang as the CEO. The announcement also details the membership of the company’s two board committees, the Audit Committee and the Remuneration and Nomination Committee, highlighting the roles of various directors within these committees.

Tingyi Announces Change in Cayman Islands Share Registrar
Apr 11, 2025

Tingyi (Cayman Islands) Holding Corp., a company incorporated in the Cayman Islands, has announced a change in its principal share registrar and transfer office in the Cayman Islands, effective from April 11, 2025. The new registrar will be Maples Fund Services (Cayman) Limited, while the branch share registrar and transfer office in Hong Kong will remain unchanged. This change is part of the company’s administrative updates and is not expected to impact its operations or stakeholders significantly.

Tingyi Announces Final Dividend for 2024
Apr 7, 2025

Tingyi (Cayman Islands) Holding Corp. announced a final ordinary cash dividend of RMB 0.3314 per share for the financial year ending 31 December 2024, with shareholder approval scheduled for 5 June 2025. This announcement reflects the company’s stable financial performance and commitment to returning value to its shareholders, potentially strengthening its market position and investor confidence.

Tingyi Announces Special Final Dividend for 2024
Apr 7, 2025

Tingyi (Cayman Islands) Holding Corp. announced a special final cash dividend of RMB 0.3314 per share for the financial year ending December 31, 2024. The dividend will be approved by shareholders on June 5, 2025, with the payment date set for July 9, 2025. This announcement reflects the company’s strong financial performance and commitment to returning value to its shareholders, potentially enhancing its market position and investor confidence.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 05, 2025