[ET Net News Agency, 15 October 2020] Morgan Stanley believes the share price of
Uni-President China (00220) will rise in absolute terms over the next 30 days. This is
because of an earnings release.
The research house thinks the upcoming 3Q results on 11 November 2020 will be a
short-term catalyst for share price performance. For 3Q, Morgan expects beverage sales to
revert to positive growth with margin expansion supported by PET benefit and sales
leverage. It expects sales of instant noodles to decelerate to mid- to high-single-digit
growth in 3Q.
Morgan expects margin expansion from operating expense savings to lead to earnings
growth of 36% in 3Q. It currently estimated 3.1% revenue growth and 16.5% earnings growth
in 2020.
Morgan maintained its "equal-weight" rating on Uni-President China, with a target price
of HK$7.8. (KL)
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00220 U-PRESID CHINA
Nominal 
6.000 +0.060 (+1.010%) Others
15/10/2020 11:27
{I-bank focus}U-Presid China (00220) seen to rise in 30 days
| Remark: | Real time quote last updated: 26/04/2024 18:00 |
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