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Hong Kong stocks anomalous movement | Tingyi (00322) surged by more than 3%, leading the beverage stocks. Institutions said that the demand for csi sws food & beverage index is limited to fluctuations and high dividends continue to benefit the stock price
Beverage stocks are rising collectively. As of press time, Tingyi (00322) rose 3.28% to HKD 9.76; U-Presid China (00220) rose 1.71% to HKD 6.56; Nongfu Spring (09633) rose 1.63% to HKD 34.3.
Macquarie: Rates u-presid china as "Outperform" and lowers target price to HK $8.
Morgan Stanley has released a research report and issued an 'outperform' rating on U-Presid China (00220), predicting that this food safety incident will only have an impact of approximately 82 million RMB on U-Presid, and the beverage business is expected to continue driving sales. The predicted profits for this and next year have been lowered by 4.6% and 5%, respectively, and the target price has been reduced from 8.4 HKD to 8 HKD. The bank pointed out that a Uni-President product, Lao Tan Spicy Beef Noodle, containing a mouse head, has raised concerns about food safety on the Internet recently. However, the impact is believed to be controllable because this series of products accounts for only a few percentage points of the group's total sales, and it is expected to bring about no more than a 4.6% negative impact on net income for the full year.
u-presid china (00220) rose 4.75% repeatedly in Hong Kong stocks, and Morgan Stanley pointed out that the impact of food safety incidents can be controlled.
U-Presid China (00220) has fluctuated repeatedly and rose 4.75% to HKD 6.4 at the time of publication, with a turnover of HKD 98.411 million. On July 14th, a netizen posted a video claiming to have found a rodent head-like foreign body in Unicom's Old Potted Beef and Pickled Cabbage Flavor Noodle. The relevant person in charge of Unicom responded to the progress of the incident, "Yesterday afternoon, we visited the consumer face to face. Through positive communication, the consumer's original video was removed yesterday." Macquarie Research pointed out that in recent days, the food safety incident of its product Old Potted Beef and Pickled Cabbage Flavor Noodle circulating on the internet has caused market concerns, but it is believed that the impact is controllable.
Morgan Stanley has rated u-presid china (00220) with an "outperform" rating and a target price of HK$8.
Morgan Stanley has lowered its profit forecast for u-presid china (00220) for the next two years by 4.6% and 5%.
Hong Kong stocks closed (07.16) | The Hang Seng Index fell by 1.6%. Science and technology stocks, financial stocks were under pressure. Apple suppliers performed well against the market trend.
According to the WiseNews app, Hong Kong shares continued their decline from yesterday, with the three major indexes continuing to be under pressure. The Hang Seng Index fell below the 18,000 mark, while the Hang Seng Tech Index fell nearly 2% intraday. At the close, the Hang Seng Index fell 1.6%, or 287.96 points, to 17,727.98, with a total daily turnover of HKD 94.243 billion; the Hang Seng China Enterprises Index fell 1.64% to 6,316.53; and the Hang Seng Tech Index fell 1.35% to 3,622.84 points. Guoyuan International believes that since the current valuation of Hong Kong stocks is still relatively low, they will be particularly sensitive to external environmental changes, especially changes in the Federal Reserve's interest rates, so Hong Kong stocks this year.
Soochow Securities: The food and beverage sector is in a stage of low-to-medium-speed transformation, and the rebound of the sector is waiting for the clearance of the business performance risk of listed companies or the reversal of demand expectations.
The current valuation of the food and beverage sector is relatively low, primarily due to concerns about future cash flow and profit downgrades. Short-term market pessimism has had an impact on the sector, and the sector's rebound is awaiting clarification of listed company performance risks, or a reversal of demand expectations, the latter depending on proactive fiscal and monetary policies at the macro level or verification of seasonal sales at the middle level.
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II Wilson : Nice!