|Bid||11.120 x 0|
|Ask||11.160 x 0|
|Day's Range||10.920 - 11.200|
|52 Week Range||7.070 - 11.200|
|PE Ratio (TTM)||31.39|
|Dividend & Yield||0.02 (1.20%)|
|1y Target Est||N/A|
Demand for premium brands in China is creating some of the world's biggest packaged food companies
Chinese instant noodle maker Tingyi (Cayman Islands) Holding Corp reported its best quarterly performance in nearly three years on Monday helped by healthy sales of its mainstay products. Tingyi, the Chinese partner of Starbucks Corp for ready-to-drink coffee and PepsiCo Inc for fruit juice, said attributable profit for the three months to the end of March rose 15.3 percent to 433.5 million yuan ($63 million) from 375.9 million yuan a year earlier. The last time the company registered a year-on-year increase in quarterly profit was for the three months to the end of June 2014, according to Eikon data based on company figures.
Jupiter Asset Management Ltd., which oversees about $53 billion, bet on Asian consumer demand after the region’s sharpest equity selloff since 2011.