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China Merchants has lowered the revenue forecasts for Master Kong (00322.HK) for this year and next year, and the Target Price has been adjusted to 13.5 yuan.
China Merchants published a research report indicating that TINGYI (00322.HK) will have uneven performance in the second half of the 2024 fiscal year, with net profit exceeding the expectations of both the institution and the market, while sales only met expectations. Company management anticipates sales growth for the 2025 fiscal year to reach low to mid-single-digit percentages, with a slight increase in gross margin expected. The company also acknowledges that market competition remains fierce, particularly in the bottled Aquatic Products category. China Merchants noted that, compared to UNI-PRESIDENT (00220.HK), which has adopted a strategy focused on volume-driven growth, TINGYI exhibits a different dynamic, making it difficult for the institution to see who will win in this zero-sum gaming scenario. Due to
Hang Seng Index Limited launched the Hang Seng High Dividend Stock 30 Index.
Hang Seng Index Company today launched the Hang Seng High Dividend Yield 30 Index.
[Brokerage Focus] HAITONG SEC maintains a "Buy" rating on U-PRESID CHINA (00220) and expects its Beverage and Food Business to continue to improve.
Jinwu Financial News | HAITONG SEC pointed out that on March 5, U-PRESID CHINA (00220) disclosed its 2024 year-end performance announcement, reporting a main operating income of 30.332 billion yuan (YOY 6.1%) and a net income attributable to the parent of 1.849 billion yuan (YOY 10.9%). In addition, the company announced a dividend of approximately 1.849 billion yuan (corresponding to a dividend payout ratio of 100%). The firm noted that in 2024, the company's beverage business achieved 19.241 billion yuan (YOY 8.2%), and since 2020, the company's beverage revenue has had a compound annual growth rate of 11.25%. Furthermore, in 2024, the net income of the beverage segment...
Deutsche Bank: Maintains U-PRESID CHINA "Buy" rating and raises Target Price to 9.1 HKD.
Deutsche Bank released a Research Report stating that it maintains a "Buy" rating for U-PRESID CHINA (00220), raising the Target Price from HKD 8.8 to HKD 9.1. The bank adjusted its net income forecasts for 2025 to 2027 upwards by about 2% based on U-PRESID's performance last year and management's guidance for this year's Operation, raising the Target Price from HKD 8.8 to HKD 9.1. Deutsche Bank noted that U-PRESID's performance in the second half of 2024 and the fourth quarter basically meets expectations. Regarding the instant noodle Business, although the company's management indicated that it is still too early to determine whether the strong sales momentum in the first two months of this year can continue throughout the year, the bank is optimistic about the company's outlook for 2025.
Deutsche Bank raised the Target Price of Uni-President (00220.HK) to 9.1 HKD and rated it as "Buy".
Deutsche Bank published a research report indicating that U-PRESID CHINA (00220.HK) has performance in the second half of 2024 and the fourth quarter that generally meets expectations. In terms of the instant noodle business, although the company's management stated that it is still too early to determine whether the strong sales momentum in the first two months of this year can continue throughout the year, the bank maintains a cautiously optimistic view on the company's performance in 2025. Based on U-PRESID's performance last year and the management's operational guidance for this year, the net profit forecasts for 2025 to 2027 have been adjusted upward by about 2% on average, with the Target Price raised from 8.8 to 9.1, while maintaining a Buy rating.
U-PRESID CHINA (0220.HK): The beverage sector continues to maintain good growth, with a significant increase in operational profitability.
Event: On March 5, 2025, the company disclosed the 2024 year-end performance announcement, achieving main operating income of 30.332 billion yuan (YOY 6.1%), and achieving net income attributable to the parent company of 1.849 billion yuan (YOY 10.