Capital, Earnings & M&A
Does the Collapse of Master Kong and Uni-President Mean the End of the Instant Noodle Category?
The first black swan of 2017 appeared earlier than usual, and history shows that once a black swan appears, it flaps its huge wings and spreads rapidly. On the second day of the new year, Ting Hsin Group announced the dissolution of Taiwan Master Kong, following years of declining performance and a 90 billion yuan market value drop. Six months later, on August 13, Uni-President announced its gradual exit from the instant noodle market. Clearly, the once-dominant convenience food giants, including Ting Hsin, are facing a catastrophic disaster, but they are not alone.
夏宁敏