Professional
Added to YB: 2024-11-11
Pitch date: 2024-11-08
2549.HK [bullish]
Carote Ltd
Author Info
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Company Info
Carote Ltd, an investment holding company, provides a range of kitchenware products to brand-owners and retailers under the CAROTE brand.
Market Cap
HKD 3.2B
Pitch Price
N/A
Price Target
8.97
Dividend
N/A
EV/EBITDA
9.58
P/E
8.65
EV/Sales
1.60
Sector
Household Durables
Category
growth
Show full summary:
Carote Ltd (2549 HK): Global quality & affordable kitchenware brand
2549.HK: Carote, global kitchenware brand, 13% US online market share. 35% sales/32% profit CAGR FY23-26E. Better quality, affordable prices vs peers. Expanding categories/regions. 52% FY24E sales growth. TP HK$8.97 (10x FY25E P/E). Risks: economic slowdown, competition, supply chain issues.
Read full article (22 min)