Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal up8.640 +0.340 (+4.096%)

26/03/2020 15:09

{I-bank focus}Daiwa cuts Uni-President China (00220) to HK$8

[ET Net News Agency, 26 March 2020] Daiwa Research lowered its target price for
Uni-President China (UPC)(00220) to HK$8 from HK$10 and maintained its "outperform"
The research house said UPC's 2019 net profit of CNY1.4bn was 2% below Daiwa's estimate.
Its gross margin expanded by 2.5pp, supported by a favourable VAT rate and product-mix
improvement while operating margin rose by 2.1pp to 8.2%.
Management will continue to focus on maintaining a healthy channel inventory level and
will remain cautious about new product launches and promotions in 2020. Daiwa expects the
selling cost ratio to fall by 0.2pp in 2020. It cut its 2019-20 EPS forecasts by 0-2% on
slower beverage sales growth causing less favourable sales-mix. (KL)

Remark: Real time quote last updated: 13/07/2020 17:58
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.