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Global food prices have rebounded for the first time in three years, potentially increasing the burden on consumers.
The rebound in Global food prices may raise Consumer grocery spending costs this year.
Daiwa: Reaffirms U-PRESID CHINA's "Buy" rating; annual revenue guidance slightly exceeds market expectations.
Daiwa released a research report stating that in a favorable competitive environment with major competitors raising prices and a decline in raw material costs, it reiterates U-PRESID CHINA (00220) "Buy" rating. The company adjusted its year-on-year revenue growth target to 5% this year. This is the lower limit of the company's revenue growth guidance for mid-term performance (5% to 8%). The firm believes that the company's guidance slightly exceeds market expectations. In addition, Daiwa noted that palm oil prices have fallen by about 10% since the recent peak in November 2024, which has alleviated market concerns regarding the contraction of U-PRESID's gross margin.
Morgan Stanley: Downgrades U-PRESID CHINA to a 'Shareholding' rating with the Target Price raised to HKD 6.1.
Morgan Stanley released a research report stating that it has raised the Target Price for U-PRESID CHINA (00220) from 5.8 Hong Kong dollars to 6.1 Hong Kong dollars, with a rating of "Shareholding." The Target Price in the "best case" scenario has been raised from 8.1 Hong Kong dollars to 9.3 Hong Kong dollars to reflect the favorable market response to the company's sugar-free tea products. The bank indicated that it will lower its earnings per share forecasts for 2025 and 2026 by 2% and 4% respectively. Although the sales forecast remains largely unchanged, it raises the predicted operating expense ratio by 0.3 percentage points and 0.2 percentage points respectively to account for U-PRESID's increased resource allocation to drive sales in a competitive environment.
Should You Be Adding Uni-President China Holdings (HKG:220) To Your Watchlist Today?
U-PRESID CHINA (00220.HK) received a Shareholding of 0.106 million shares from Uni-President Enterprises Corporation.
Gelonghui, December 23 - According to the latest equity disclosure from the Stock Exchange, on December 20, 2024, U-PRESID CHINA (00220.HK) was increased by Uni-President Enterprises Corporation in the market by purchasing 0.106 million shares at an average price of HKD 6.39 per share, involving approximately HKD 0.6773 million. After the shareholding increase, the latest number of shares held by Uni-President Enterprises Corporation is 3,150,436,983 shares, with a shareholding ratio of 72.93.
Hong Kong stocks movement | U-PRESID CHINA (00220) is currently up over 3% as the CSI SWS Food & Beverage index hits a turning point in its economic climate. The Spring Festival consumer peak season is expected to boost performance.
U-PRESID CHINA (00220) is currently up over 3%, as of the time of this report, it has risen by 3.55%, priced at 7.59 Hong Kong dollars, with a transaction amount of 61.2521 million Hong Kong dollars.
II Wilson : Nice!