Yihai International's 2H Earnings May Be Pressured by Substitutes, Changing Tastes -- Market Talk

Dow Jones01-11

0514 GMT - Yihai International's 2H 2023 results are expected to remain weak due to a high base in China's post-Covid period when more options became available for consumers, Jefferies analysts Lisa Liao and Anne Ling say in a note. The Chinese hot pot condiment maker's earnings may be pressured lower by the availability of substitutes and changing consumer tastes, they say. Jefferies cuts the company's target price to HK$12.50 from HK$18.30 as the investment bank trims its 2023-2025 sales forecast by 5%-8% The bank maintains its hold rating on Yihai's shares, which are down 0.9% at HK$10.84. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

January 11, 2024 00:14 ET (05:14 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2402494673?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-01-11 13:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2402494673","market":"hk","top_or_hot":-1,"title":"Yihai International's 2H Earnings May Be Pressured by Substitutes, Changing Tastes -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0514 GMT - Yihai International's 2H 2023 results are expected to remain weak due to a high base in China's post-Covid period when more options became available for consumers, Jefferies analysts Lisa Liao and Anne Ling say in a note. The Chinese hot pot condiment maker's earnings may be pressured lower by the availability of substitutes and changing consumer tastes, they say. Jefferies cuts the company's target price to HK$12.50 from HK$18.30 as the investment bank trims its 2023-2025 sales forecast by 5%-8% The bank maintains its hold rating on Yihai's shares, which are down 0.9% at HK$10.84. (amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 11, 2024 00:14 ET (05:14 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Yihai International's 2H Earnings May Be Pressured by Substitutes, Changing Tastes -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYihai International's 2H Earnings May Be Pressured by Substitutes, Changing Tastes -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-11 13:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0514 GMT - Yihai International's 2H 2023 results are expected to remain weak due to a high base in China's post-Covid period when more options became available for consumers, Jefferies analysts Lisa ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01579","symbol_name":"颐海国际","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2402494673","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2402494673","pubTimestamp":1704950040,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0514 GMT - Yihai International's 2H 2023 results are expected to remain weak due to a high base in China's post-Covid period when more options became available for consumers, Jefferies analysts Lisa Liao and Anne Ling say in a note. The Chinese hot pot condiment maker's earnings may be pressured lower by the availability of substitutes and changing consumer tastes, they say. Jefferies cuts the company's target price to HK$12.50 from HK$18.30 as the investment bank trims its 2023-2025 sales forecast by 5%-8% The bank maintains its hold rating on Yihai's shares, which are down 0.9% at HK$10.84. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"01579":"颐海国际"},"translate_title":"颐海国际的2H收益可能受到替代品、口味变化的压力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01579":0.9},"content_text":"0514 GMT - Yihai International's 2H 2023 results are expected to remain weak due to a high base in China's post-Covid period when more options became available for consumers, Jefferies analysts Lisa Liao and Anne Ling say in a note. The Chinese hot pot condiment maker's earnings may be pressured lower by the availability of substitutes and changing consumer tastes, they say. Jefferies cuts the company's target price to HK$12.50 from HK$18.30 as the investment bank trims its 2023-2025 sales forecast by 5%-8% The bank maintains its hold rating on Yihai's shares, which are down 0.9% at HK$10.84. (amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 11, 2024 00:14 ET (05:14 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2402494673"}