Tingyi (Cayman Islands) Holding (TCYMF) was downgraded to a Hold Rating at Macquarie
Macquarie analyst Linda Huang downgraded Tingyi (Cayman Islands) Holding (TCYMF – Research Report) to a Hold today and set a price target of HK$13.80. The company's shares closed last Monday at $1.61.
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Huang covers the Consumer Cyclical sector, focusing on stocks such as Samsonite International SA, China Tourism Group Duty Free Corporation Limited Class H, and SJM Holdings. According to TipRanks, Huang has an average return of 3.0% and a 50.79% success rate on recommended stocks.
Currently, the analyst consensus on Tingyi (Cayman Islands) Holding is a Strong Buy with an average price target of $1.88.
Based on Tingyi (Cayman Islands) Holding's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $19.72 billion and a net profit of $924.56 million. In comparison, last year the company earned a revenue of $19.76 billion and had a net profit of $739.9 million
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