Morgan Stanley keeps HKD 13.00 target for Tingyi stock

Published on 10/17/2026 at 21:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Noodle revenue hit CNY 13.73 billion in the first half of 2026, up 2.00 percent. Tingyi stock closed at HKD 12.37 on October 16, 2026, up 0.57 percent.

Analyst note October 15, 2026

In a report dated October 15, 2026, Morgan Stanley maintained a Hold rating and a HKD 13.00 target for Tingyi.
Tingyi's instant noodle revenue reached CNY 13.73 billion in the first half of 2026, up 2.00 percent.
Tingyi stock closed at HKD 12.37 at 4:08 p.m. HKT on October 16, 2026, up 0.57 percent versus the prior close.
Tingyi had a market capitalization of HKD 69.7 billion and a P/E ratio of 12.52 on October 16, 2026.

Tingyi, KYG8878S1030, Illustration mit AI erstellt.

Morgan Stanley maintained its Hold rating and a HKD 13.00 price target for Tingyi in a report released on October 15, 2026, according to Markets Insider. The target was 5.09 percent above Tingyi's HKD 12.37 closing price on October 16, 2026.

Noodle revenue reaches CNY 13.73 billion

Tingyi's instant noodle business generated CNY 13.73 billion in revenue during the first half of 2026, up 2.00 percent from the year-earlier period. Its gross margin increased to 30.30 percent from 27.80 percent, giving the segment a stronger profitability profile even as industry volumes remained pressured.

The premium bagged noodle business generated CNY 5.26 billion in first-half sales, while the mid-priced portfolio grew 7.80 percent. The Straits Times reported these figures on October 2, 2026.

Price sits below the yearly high

Tingyi closed at HKD 12.37 on the Hong Kong exchange at 4:08 p.m. HKT on October 16, 2026, up HKD 0.07, or 0.57 percent, from the prior close. Trading volume reached 8,868,180 shares against an average of 16,590,700.

The 52-week range was HKD 9.42 to HKD 14.14 on October 16, 2026. The closing price stood 12.52 percent below the high and 31.42 percent above the low.

Valuation and listing details

Tingyi had a market capitalization of HKD 69.7 billion and a trailing P/E ratio of 12.52 on October 16, 2026. The company's 0.57 percent daily gain was smaller than Nissin Foods' 0.73 percent rise but stronger than Uni-President China's 0.19 percent decline.

SniperIQ identifies Tingyi as ticker 0322.HK on HKSE in the Consumer Defensive packaged foods sector. Morgan Stanley's HKD 13.00 target remained 5.09 percent above the October 16 closing price.

Comparison with peers on October 16, 2026

Tingyi (HKEX, HKD): plus 0.57 percent, P/E 12.52, market capitalization HKD 69.7 billion

Uni-President China (HKEX, HKD): minus 0.19 percent, P/E 13.07, market capitalization HKD 33.2 billion

Nissin Foods (HKEX, HKD): plus 0.73 percent, P/E 18.46, market capitalization HKD 6.5 billion

Market value and investor focus

Tingyi's operating picture combines modest noodle revenue growth with a wider margin, while the valuation remains below Nissin Foods' P/E ratio. The dated analyst target adds a separate benchmark for the stock without changing the company's reported operating figures.