VTSYF - Vitasoy International: Market Recovery And Market Share Gains
Elevator Pitch
I maintain a neutral rating on Hong Kong-listed beverage company Vitasoy International Holdings Limited (OTCPK:VTSYF) [345:HK].
This is an update of my prior article on Vitasoy International published on March 31, 2020. Vitasoy International's share price has increased by +27% from HK$23.20 as of March 30, 2020 to HK$29.50 as of July 2, 2020 since my prior update.
I am positive that Vitasoy International should see market share gains and a market recovery in FY2021, as Covid-19 is under control in its key markets.But I still find Vitasoy International too expensive.