Company Profile · Consumer Defensive

Tingyi

0322 · HK
Industry
Packaged Foods
Exchange
HK
Country
Hong Kong
IPO date
Feb 5, 1996
Employees
59,096
Website
www.masterkong.com.cn
Current Price
HK$11.47
Live · Oct 5, 2026
Fair Buy
≤ HK$9
Margin-of-safety entry
Baillie Growth Score
33/100
Poor
Buffett Score
77/100
Strong
Intrinsic Value · Three-Tier Range Current price HK$11.47 Live · Between the conservative and fair ranges

Composite valuation range · conservative HK$8.4–HK$9 / fair HK$12–HK$15.5 / optimistic HK$20.2–HK$21. At HK$11.47, Between the conservative and fair ranges.

At publication HK$13.16 (Aug 25, 2026)

Financial snapshot
Market capHK$65B
Revenue (TTM)HK$79.52B
EBITDAHK$9.93B
Profit margin5.86%
ROE33.3%
P/E (TTM)11.89
Forward P/E9.63
PEG5.07
EPSHK$0.00
Dividend yield3.44%
52-week rangeHK$9.38 – HK$14.14

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

About the company

Tingyi (Cayman Islands) Holding Corp., an investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People's Republic of China. The company operates through Instant Noodles, Beverages, and Others segments. It offers ready-to-drink teas, juices, bottled water, and carbonated soft drinks; various noodles; and coffee/functional/probiotics drinks. The company also provides property management; and management and consulting services. Tingyi (Cayman Islands) Holding Corp. was founded in 1992 and is headquartered in Shanghai, the People's Republic of China.

Background

History

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Industry position

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Research on this stock
33/100 Hold Tingyi: A Mature Cash Cow Whose Profit Growth Comes From Margin, Not Sales Tingyi is a China-focused packaged-food and beverage group whose Master Kong instant noodles sit alongside a beverage arm that combines its own tea, water and juice brands with PepsiCo-licensed bottling; that beverage arm alone is 65.5% of H1 2026 revenue. Group revenue has barely moved since 2022, from RMB 78.717 billion to RMB 79.068 billion in 2025, yet attributable profit rose 71% as gross margin climbed from 29.09% to 35.8% in H1 2026, and beverages contribute only about half of owner earnings once minority interests are stripped out. Rating Hold: at HKD 13.16 the shares trade near 13.8 times reconstructed trailing earnings with a roughly 7% distribution yield, inside the HKD 12.0 to 15.5 acceptable-hold zone but about 25% above the HKD 10.5 conservative value, so the conservative margin of safety is zero. Tingyi (Cayman Islands) Holding Corp.0322 · HKPackaged FoodsAug 25, 2026