Professional
Added to YB: 2024-11-11
Pitch date: 2024-11-08
2549.HK [bullish]
Carote Ltd
Author Info
No bio for this author
Company Info
Carote Ltd, an investment holding company, engages in the manufacture and sale of kitchenware products in Mainland China, the United States, Western Europe, Japan, Southeast Asia, and internationally.
Market Cap
HKD 2.0B
Pitch Price
N/A
Price Target
8.97
Dividend
3.54%
EV/EBITDA
3.46
P/E
7.85
EV/Sales
0.46
Sector
Household Durables
Category
growth
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.
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