[ET Net News Agency, 11 April 2018] UBS Global Research lifted its target price for
China Foods (CF)(00506) to HK$4.97 from HK$4.76, and reiterated its "buy" rating.
The research house said CF's share price underperformed HSI by 17% year-to-date due to
lack of clarity towards Coke's shareholdings. On the post result analyst meeting,
management confirmed that this remains the key focus for CF, together with potential
launch of share incentive plan towards management, both of which should help boost the
company's long-term growth outlook.
UBS expects China Foods' EBITDA margin to improve to 10% by 2022, similar to its
pre-acquisition level, through price hikes, mix upgrade and lifting utilization rates of
under-utilized capacity. (KL)
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00506 CHINA FOODS
Nominal 
2.930 0.000 (0.000%) Others
11/04/2018 17:47
[I-bank focus]UBS lifts China Foods (00506) to HK$4.97
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