[ET Net News Agency, 12 February 2020] HSBC Global Research raised its target price for
Uni-President China (00220) to HK$10.5 from HK$10 and maintained its "buy" rating.
The research house sees higher demand for instant noodles and beverages amidst the
coronavirus outbreak, as people stay home and avoid dining out.
In addition, HSBC believes the longer-term outlook for the instant noodle market in
mainland China remains favourable as annual consumption is low currently, at 28.7 servings
per capita versus Taiwan (35), Japan (45.7), and, South Korea (74), in 2018, according to
the World Instant Noodle Association.
On the back of a stronger instant noodle demand, HSBC slightly raised its 2020-21
earnings estimates by 1-2%. (KL)
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00220 U-PRESID CHINA
Nominal 
7.730 -0.130 (-1.654%) Others
12/02/2020 17:37
{I-bank focus}HSBC raises U-Presid China (00220) to HK$10.5
Previous︰03/03/2020 15:32 {I-bank focus}JEF starts Uni-President China (00220) at HK$9
Next︰03/02/2020 11:54 {Block Trade}U-PRESID CHINA: 2.12m shares, or HK$16.95m
25/03/2020 17:44 Uni-President China (00220) year net up 33% to RMB1.37bn
25/03/2020 09:32 {Hot Stocks}8 listed firms see price swing at 9:31am
13/03/2020 09:31 {Hot Stocks} HK MMA stocks of price swing in at 9:30am (1)
05/03/2020 09:01 {Block Trade}Pre-opening block trades at 9:00am
02/01/2020 11:45 {Block Trade}U-PRESID CHINA: 1.52m shares, or HK$12.49m
| Remark: | Real time quote last updated: 28/05/2020 17:58 |
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