Core Viewpoint - The report from Credit Lyonnais indicates that Uni-President China (00220) is experiencing slowed sales growth in Q3 due to intensified competition and subsidies from food delivery platforms, aligning with market expectations [1] Sales Performance - Q3 sales growth for Uni-President China is approximately flat year-on-year, which is consistent with market forecasts [1] - The management has noted that the pressure on beverage business continues to rise in October [1] Future Outlook - The company maintains its annual sales growth target of 6% to 8% despite current challenges [1] - Credit Lyonnais anticipates a slowdown in profit growth for the company next year [1] Stock Valuation - The dividend yield of 6.3% is expected to support the stock price [1] - The target price has been adjusted from HKD 10.5 to HKD 10, while maintaining a "outperform" rating [1]
里昂：降统一企业中国目标价至10港元 续予“跑赢大市”评级