Core Viewpoint - UBS has downgraded Uni-President China (00220) earnings per share estimates for 2025 to 2027 by 1% to 3%, and reduced the target price from HKD 11.5 to HKD 10.5 while maintaining a "Buy" rating [1] Financial Performance - Uni-President's net profit for the first three quarters increased by 23% year-on-year, indicating a third-quarter net profit rise of 8% to RMB 726 million, aligning with UBS and market expectations [1] - The company aims for a revenue growth target of 6% to 8% for the year [1] Management Strategy - To address intensified competition in the beverage sector, the management plans to maintain stable pricing and focus on expanding well-performing sales points [1] - UBS believes that both Uni-President's performance and management outlook are in line with expectations, although the recent sluggish trend in the beverage business poses greater pressure and uncertainty for the company [1]
瑞银：降统一企业中国(00220)目标价至10.5港元 第三季业绩符预期