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VDAHF - Vinda International: Positive Growth Momentum Priced In
Vinda International Holdings Limited
Elevator Pitch
I downgrade my rating on Hong Kong-listed Asian hygiene company Vinda International Holdings Limited (OTC:VDAHF) (OTCPK:VDAHY) [3331:HK] from Bullish to Neutral.
This is an update of my prior article on Vinda International published on May 1, 2020. Vinda International's share price has increased by +25% from HK$23.10 as of April 29, 2020 to HK$29.05 as of July 27, 2020 since my last update. Vinda International trades at 17.6 times consensus forward next twelve months' P/E, and it offers a consensus forward FY2020 dividend yield of 1.6%.