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Morgan Stanley Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
DBS Bank: Gives u-presid china a "same as market" rating with a target price of HKD 6.6.
Morgan Stanley released a research report stating that it gives a "synchronized with the market" rating for u-presid china (00220), with a target price of 6.6 Hong Kong dollars. The report stated that the company's first-half performance was roughly in line with expectations. Due to intensified competition in the beverage division, management has become more conservative about the sales growth outlook, with expected growth of 5% to 8%. It was predicted to be 8% to 12% at the beginning of the year. The gross margin is expected to continue to expand in the second half of the year, while instant noodle sales remain stable. The bank pointed out that u-presid china's sales in the first half of the year were 15.4 billion yuan, a year-on-year increase of 6%, which was 2% lower than the bank's expectations. The net profit was 0.966 billion yuan, up 10% year-on-year or.
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Morgan Stanley: The possibility of Trump winning the election is expected to boost the US dollar.
Morgan Stanley analysts said that even though the Republican Party hopes to curb the strength of the US dollar, the possibility of Republicans winning the election later this year is expected to boost the dollar. "Although former President Trump spoke out against the strong trend of the US dollar, we believe that his policies will lead to a stronger dollar," wrote strategists such as Andrew Watrus and Zoe Strauss in a research report on August 6th. They pointed out that the key US dollar index soared in November and December 2016 after Trump's last election victory. They added that "if the Republican Party wins a major victory, there will be an expansionary fiscal policy agenda."
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