大行评级｜大和：上调康师傅目标价至13港元 评级升至“跑赢大市”

Core Viewpoint - The report from Daiwa indicates that Master Kong's management has reaffirmed guidance for over 10% year-on-year growth in core profits for the previous year, benefiting from favorable raw material prices, with core profits in the second half of last year growing by over 8% [1] Group 1 - Daiwa expects that the carbonated beverage and noodle businesses will maintain growth this year [1] - The new CEO plans to prioritize revenue growth in ready-to-drink tea and juice segments through channel investments [1] - Daiwa anticipates that Master Kong will maintain its market share in the tea and juice sectors, facing more competitive pressure from freshly made beverages compared to its closest competitor, Uni-President China [1] Group 2 - Daiwa has raised Master Kong's target price from HKD 11 to HKD 13 and upgraded the investment rating to "outperform the market" [1]