DBS downgrades Nissin Foods Co., Ltd. (1475) to a Hold
Nissin Foods Co., Ltd. (1475 – Research Report) received a Hold rating and a HK$7.00 price target from DBS analyst Alison Fok today. The company's shares closed yesterday at HK$6.85.
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According to TipRanks, Fok is a 4-star analyst with an average return of 6.9% and a 62.71% success rate. Fok covers the Consumer Cyclical sector, focusing on stocks such as Nike, McDonald's, and ANTA Sports Products.
Nissin Foods Co., Ltd. has an analyst consensus of Moderate Buy, with a price target consensus of HK$7.00.
Based on Nissin Foods Co., Ltd.'s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$994.68 million and a net profit of HK$15.75 million. In comparison, last year the company earned a revenue of HK$877.22 million and had a net profit of HK$59.81 million
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