Elevator Pitch
I like Hong Kong-listed beverage company Vitasoy International Holdings Limited (VTSYF) [345:HK] for its portfolio of iconic brands and its growth potential in China. Its Vitasoy brand of soy milk and the Vita brand of lemon tea were first launched in 1940 and 1979 respectively. The company's market share in Mainland China's drinking milk products and ready-to-drink or RTD tea markets is relatively small compared with its dominance of the Hong Kong beverage markets, implying future growth potential.
But Vitasoy International trades at a lofty valuation with a consensus forward FY2020