SEHK:6186Food
China Feihe (SEHK:6186) Stock Yield Appeal Fades As Margins Tighten
China Feihe walked into this earnings season with a reputation as a high yield, higher risk dairy stock and a share price that has slipped about 11% over the past month. The stock closed at HK$2.94 on Thursday, even as the latest half year numbers showed revenue of ¥9,362.4m and basic earnings per share of ¥0.095.
The real headline is margin pressure. Trailing net profit margin has narrowed to 9.7% while the dividend yield sits around 8.5% and is not well covered by earnings or free cash...