Haitong International estimates that Master Kong Holdings (00322) Group shareholders should account for profit of 3.34 billion/ 3.55 billion/ 3.74 billion yuan in 2024-26, respectively.
The Zhitong Finance App learned that Haitong International released a research report saying that due to Master Kong Holdings (00322)'s remarkable leading edge in the instant noodles and soft drink industry and the attractive 6.2% dividend rate, it covered the “superior to the market” rating for the first time, with a target price of HK$12.1.
Haitong International estimates that Master Kong holdings' revenue in 2024-2026 will be 84.27 billion/ 88.06 billion/ 91.8 billion yuan, respectively; for the same period, profit attributable to group shareholders is 3.34 billion yuan/3.55 billion yuan/3.74 billion yuan respectively, corresponding to a profit of 0.59 yuan/0.63 yuan/0.6 yuan per share, an increase of 7.0%/6.5%/5.2% year-on-year.
Furthermore, based on the positive impact of Master Kong's price increase and manageable raw material costs and expenses, Haitong International Predicts Group's gross margin will increase by 0.6 percentage points this year, and the net interest rate will increase slightly.