2024-04-05 07:46:00 ET
Summary
- China Feihe posted declines in both profits and sales last year, as it is heavily exposed to the country’s falling birth rate.
- The company, which gets 91% of its revenue from infant milk formula, may remain attractive to investors due to its pledge to pay much of its profits as dividends.
- The strong market reaction to Feihe’s latest earnings could partly reflect the stock’s current low valuation as well as enthusiasm about the company’s dividend policy.
The premium infant formula maker is taking a hit from China's low birth rate, but investors may like its dividends and transition to other dairy products ...
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Investors Lap Up China Feihe Despite Declining Profits And Revenue