Added to YB: 2026-03-25
Pitch date: 2026-03-22
2698.HK [neutral]
Softcare Limited
+12.89%
current return
Author Info
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Company Info
Softcare Limited operates as a hygiene product corporation principally engaged in the development, manufacturing, and sales of baby and feminine hygiene products in Africa, Latin America and Central Asia.
Market Cap
HKD 2.3B
Pitch Price
HKD 30.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.47
P/E
16.55
EV/Sales
3.32
Sector
Personal Care Products
Category
growth
Softcare Limited - $2698.HK
2698.HK (watchlist): Hygiene products (baby diapers, sanitary napkins) across 30+ emerging markets in Africa, Latin America, Central Asia. 2025 rev +24.9%, net profit +27.4% to $121M. 20.3% Africa diaper market share, 15.6% sanitary napkins. 'Made Here, Sold Here' model w/ 9 plants, 66 lines slashes logistics costs 30%→15%. Peru sales +87% YoY. 5.1B diapers sold (+24.7% YoY). Trading 16.75x EV/NI (net of IPO cash). Risk: local currency devaluation vs USD raw material costs. 20% CAGR→$300M profit in 5yr. 2.3% yield, 46% payout. Strong fundamentals but pricey for initial entry.
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