

Core Viewpoint - Citibank's report indicates that Master Kong Holdings (00322) experienced a 2.7% decline in revenue for the first half of the year compared to the same period last year, aligning with the bank's estimates and market expectations, while profit increased by 20.5% year-on-year, slightly exceeding forecasts [1] Revenue Performance - The revenue decline was observed in both the noodle and beverage segments [1] - The company is expected to lower its full-year revenue growth guidance to low single digits during the analyst meeting [1] Profitability Insights - Adjusted profit, excluding one-time gains, was 2% lower than the bank's forecast [1] - The profit growth of 20.5% year-on-year indicates a positive trend, albeit with some adjustments needed for a more accurate outlook [1] Management Outlook - Attention will be focused on management's outlook for sales and profit margins for the second half of the year during the analyst meeting [1]