crouchingtigerhiddendragonsword| Goldman Sachs: Upgrades Uni-President Enterprise's China rating to "Buy" target price rises to HK$7.3

Goldman Sachs released a research report saying it is optimistic that the beverage industry will be strong this yearcrouchingtigerhiddendragonswordThe growth of Uni-President Enterprises China (00220) will increase its net profit forecast from 2024 to 2026 by 26% to 29%, upgrade its rating from "neutral" to "buy", and target price from 5crouchingtigerhiddendragonsword.7 Hong Kong dollars rose to HK$7.3.

According to the report, Uni-President's China's recurring net profit performed strongly in the first quarter, with an increase of 104%, mainly benefiting from strong beverage growth momentum and gross profit margin growth. Management provided positive sales outlook guidance, including double-digit sales growth throughout the year and achieving sustainable growth in gross profit margin under the impact of efficiency, product portfolio upgrades, and cost reductions.

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