In his May 9 note, Tang says that Zixin, now based in China's Fujian province, has expanded into Hainan as well, with access to a "significantly larger" land area to use.
Tang Kang Jie of KGI Securities has initiated coverage on Zixin Group Holdings (SGX:42W
) , with a view that the company, which focuses on sweet potato-based products, is set to enjoy growth with new products and better integration of the value chain.
With "substantial orders" for these new products on hand, plus an improvement in its margins, Tang has given Zixin an "outperform" rating along with a target price of 6 cents.
