date:Mar 19, 2013
ust over half of China's $8.8 billion instant noodle market, has benefited as demand for consumer staples climbed, raw material costs fell and greater production efficiency at its bottling plants.
Tingyi's bond yields have halved since their issue in June 2012, giving it a relatively strong credit position with not much debt to refinance. Credit analysts expect steady EBITDA margins at 35 percent with only small net debt at the year-end. Gross leverage is seen around 1.5 times.
Prior to the ea