Group 1 - The core viewpoint of the article is that 康师傅控股 (00322) has updated its full-year guidance, expecting sales to be flat to low single-digit growth, down from the previous low to mid-single-digit growth forecast [1] - The management anticipates a recovery in instant noodle business in the second half of the year, aiming for positive growth for the full year [1] - The target price for 康师傅 has been lowered from HKD 14.6 to HKD 13.8, while maintaining a "Buy" rating [1] Group 2 - The management expects a low double-digit growth in recurring net profit, with a 12% increase in the first half of the year [1] - For the cost outlook, palm oil prices are expected to rise by a low single-digit percentage, while costs for plastic (PET), sugar, and flour are projected to decrease by a mid-single-digit percentage [1] - The company plans to focus on light investments and streamline administrative expenses to enhance operating profit margins by 2026 [1] Group 3 - The latest projections for 康师傅's net profit in 2025 and 2026 are RMB 4.3 billion and RMB 4.6 billion, representing year-on-year growth of 15% and 9%, respectively, with net profit margins improving to 5.2% and 15.8% [1] - Due to increased competition leading to higher sales management expense ratios, the recurring net profit forecasts for 2025 to 2027 have been revised down by 4% to 6% [1]