Nissin Foods 1475

Nissin Foods 1475

Postby winston » Thu Jun 23, 2016 7:42 am

Nissin Foods brews $6.2b local float

by Gloria Song

Japanese cup noodle maker Nissin Foods plans to spin off mainland and Hong Kong business from its Japan business and launch a local listing to raise US$800 million (HK$6.2 billion).

The company will invest 150 billion yen globally before 2020 which includes about 10 billion yen (HK$742 million) in Hong Kong and the mainland.

It also plans to open factories in the mainland and Hong Kong within this year to boost market share.

The projected revenue from China and Hong Kong in 2020 is 53.7 billion yen (HK$4 billion), up 31 percent from figures of 2015.

Source: The Standard
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Re: Nissin Foods IPO

Postby winston » Thu Nov 23, 2017 8:28 am

Nissin Foods lines up major investors

by Janice Huang

Japanese cup noodle maker Nissin Foods Company has reportedly secured cornerstone investors and will start bookbuilding next week for its initial public offering as it aims to raise HK$1.56 billion.

Nissin plans to spin off its mainland and Hong Kong businesses from its operations in Japan.

It started premarketing of its IPO and it received an initial overwhelming response. Trading of its shares is expected to start next month.

Source: The Standard
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Re: Nissin Foods IPO

Postby winston » Tue Nov 28, 2017 8:23 am

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Japanese cup noodles maker Nissin Foods Company will start bookbuilding tomorrow, and it is expected to debut on December 11.

The company priced its shares at an indicative range of HK$3.45 to HK$4.21. Investors will spend HK$4252 to buy a board lot of 1,000 shares.

It plans to use 45 percent of net proceeds raised from the IPO to upgrade and further expand its production plants and facilities, while 10 percent of net proceeds will be used to further expand the sales and distribution network in the mainland, especially in the west and north.

Source: The Standard
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Re: Nissin Foods IPO

Postby winston » Tue Apr 24, 2018 10:12 am

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NISSIN FOODS(1475)

Analysis:
Nissin Foods Company (1475) has traditionally been focusing on instant noodles market but at that same time consistently exploring innovative products to broaden its income stream.

These include a series of non-instant noodles products such as potato chips, corn flake and granola.

In March 2017, the Group acquired 51% equity interest in the MCMS, allowing the Group to further explore along the value chain and to vertically integrate into the distributor's business.

Recently, the Group announced that it had entered into a subscription and joint venture agreement with Kagome Group to form a joint venture company which will further diversify its products. (I do not hold the above stock).

Strategy:
Buy-in Price: $3.70, Target Price: $4.00, Cut Loss Price: $3.55

Source: Phillips
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Re: Nissin Foods 1475

Postby winston » Fri May 10, 2019 7:06 am

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Nissin profits rise 25pc to $92m

by Stella Zhai

Nissin Foods's (1475) net profit for the quarter ended March 31 rose by 25 percent to HK$91.7 million, compared with HK$73.3 million for the same period in 2018.

The instant noodles maker's revenue for the three months dipped by less than 0.1 percent to HK$799.6 million, from HK$800.2 million of the corresponding period of last year.

Revenues from its Hong Kong operations dropped by 1.2 percent due to the termination of some distribution products while revenues from the mainland market increased by 0.7 percent, accounting for 65 percent of Nissin's total sales.

The company said it would expand high-end cup noodles sales in the mainland market, as the market for instant noodles has bottomed out.

Earnings per share for the first quarter was 8.5 HK cents, and Nissin decided not to distribute any dividend for the period.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0510&sid=2
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Re: Nissin Foods 1475

Postby winston » Fri Aug 30, 2019 7:33 am

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Nissin Foods (1475) yesterday announced that its first-half net profit rose 41.1 percent to HK$132.9 million. But its shares fell 6.3 percent to HK$6.4.

Basic earnings per share were 12.3 HK cents, and no interim dividend was declared.

First-half revenue increased by 1.1 percent to HK$1.5 billion driven by growth in sales volume of premium instant noodles from different regions in the mainland. That was partly offset by yuan foreign-exchange movements and a reduction in revenue in Hong Kong.

Revenue from Hong Kong operations, which accounted for 41.8 percent of total revenue, fell 4.9 percent to HK$626.4 million. But it is "cautiously optimistic" on Hong Kong operations in the second half.

Source: The Standard
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Re: Nissin Foods 1475

Postby winston » Mon May 11, 2020 3:44 pm

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NISSIN FOODS (01475.HK) 1Q NP $98.96M, Up 8%

NISSIN FOODS (01475.HK) announced the first quarterly results ended March 2020.

Net profit reached $98.966 million, up 8% yearly.

EPS equaled 9.2 cents.

No dividend was declared.

Source: AAStocks Financial News
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Re: Nissin Foods 1475

Postby winston » Mon May 11, 2020 7:33 pm

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Nissin Foods quarterly net climbs, HK noodles sales rise

Noodles, frozen food and beverages maker, Nissin Foods (1475) said net profit for the first quarter increased by 7.95 percent to HK$98.97 million, from HK$91.7 million in the year before.

The gross profit margin fell by 0.8 percent to 32.1 percent, mainly due to the increase in raw material costs year-on-year., Nissin Foods said.

Revenue increased by 10.6 percent to HK$884.6 million, from HK$799.6 million the year before.

Revenue from Hong Kong operations increased by 11.1 percent due to increased demand of bag-type instant noodles.

Mainland China revenue also increased by 10.3 percent (16.1 percent in local currency) due to the improvement in sales volume of cup noddles.

Source: The Standard

https://www.thestandard.com.hk/breaking ... sales-rise
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Re: Nissin Foods 1475

Postby winston » Mon Nov 09, 2020 11:10 am

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Premium instant noodles demand driving earnings growth

3Q20 core NP jumped 35% yoy.

9M20 core NP formed 87% of FY20F forecast, c.10% above our estimate, as the 4Q is traditionally peak season.

We expect NF to achieve c.12-15%/c.8-10% revenue growth in its China/HK markets, driven by geographical and product offering expansion.

Reiterate Add, with a higher HK$9.75 TP, based on 22x ex-cash FY21F P/E.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... BCB72FA73E
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Re: Nissin Foods 1475

Postby winston » Wed Nov 11, 2020 2:09 pm

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What’s New

Release of COVID-19 vaccine expected to lead to more normal demand for instant noodles

Margin dilution impact from distribution business expected to be limited, and compensated for by higher Damae Iccho contribution

Trimmed earnings but maintain BUY with TP at HK$8.40 following 27% correction in share price since Aug, with current valuation of 22x FY21F PE an attractive entry level

Source: DBS

https://researchwise.dbsvresearch.com/R ... iejgkfhgbh
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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