Nissin Foods Serves Up Investor Comfort Food in Cups of Noodles

The premium noodle maker returned to profit growth in the third quarter, following a decline in the first half of the year, as it raised prices and brought rising ingredient costs under control Key Takeaways: Nissin Foods’ profit grew 20% in the third quarter, returning to a growth track after the figure fell 3.5% in the first half of the year The company’s stock has become a safe haven for investors during current market turbulence, with its shares up 30% since May By Doug Young In noodles we trust. Or…

Read More »

FAST NEWS: Nissin Foods Revenue Rises, But Raw Material Prices Weigh on Profit

The latest: Instant noodle maker Nissin Foods Co. Ltd. (1475.HK) said its net profit decreased by 3% to HK$90.31 million ($11.6 million) in the first quarter of this year, despite a 10% increase in revenue to HK$1.06 billion, according to a company announcement last Friday. Looking up: Nissin said the revenue gains came on higher sales of its Cup Noodles brand in both mainland China and Hong Kong, as both places experienced resurgences of Covid-19. It also cited appreciation of the Hong Kong dollar against the Japanese yen. Take Note: The company’s overall…

Read More »

One Man’s Loss Is Nissin Foods’ Gain in Hong Kong Outbreak

Nomura believes the instant noodle maker could be a big beneficiary as panic buying sweeps the Asian financial hub Key takeaways: Nomura says Nissin Foods is profiting from recent panic buying in Hong Kong, adding it sees more than 30% potential upside to its stock The instant noodle maker is valued higher than its peers, suggesting the market thinks it is better positioned to succeed in the vast mainland market By Jony Ho Who would have imagined? Hong Kong, an international financial center known for its wheeling-and-dealing cool ways, has…

Read More »

FAST NEWS: Nissin Foods’ Parent Profit Doubles in Its Fiscal Third-Quarter

The latest: Japan’s Nissin Foods Holdings Co. Ltd, the controlling shareholder of Hong Kong-listed Nissin Foods Co. Ltd. (1475.HK), Friday morning announced its fiscal third quarter results for the period through December last year, with total sales jumping 30% year-on-year to 14.69 billion yen ($128 million). Looking up: Nissin Foods Holdings’ operating profit surged 94.7% to 1.81 billion yen in its third fiscal quarter, benefiting from increased sales of its Cup Noodles brand in China and the appreciation of the Chinese yuan against the Japanese yen. Take Note: In the…

Read More »