Shares in Tingyi (Cayman Island), one of the largest beverage and snack producers in China, closed up by 0.6% in Hong Kong today on investor hopes that the worst of a rise in costs that hit earnings last year may have passed.
At an off-the-record roundtable discussion prior to dinner, I enjoyed chatting on the side with Everett Chu, CFO and executive director of Want Want China, the snack and beverage entity that is on our list.
As part of its strategy to tap into the market for more nutritious convenience foods, the company is hoping people will pay a premium for a new pureed fruit product that it considers thick enough to be a snack rather than a beverage.