Core Viewpoint - The report from Credit Lyonnais indicates that Uni-President China is experiencing slowed sales growth due to intensified competition and subsidies from food delivery platforms, with third-quarter sales remaining roughly flat year-on-year, aligning with market expectations [1] Group 1: Sales Performance - The third-quarter sales growth for Uni-President China has slowed, remaining approximately flat year-on-year [1] - The management has noted that the pressure on beverage business continues to rise in October [1] Group 2: Future Outlook - The company maintains its annual sales growth target of 6% to 8% despite current pressures [1] - Credit Lyonnais expects a slowdown in profit growth for the company next year [1] Group 3: Stock Valuation - The dividend yield is projected to be 6.3%, which is expected to support the stock price [1] - The target price for the stock has been slightly reduced from HKD 10.5 to HKD 10, while maintaining an "outperform" rating [1]
大行评级丨里昂：微降统一企业中国目标价至10港元 维持“跑赢大市”评级