Core Viewpoint - 康师傅控股's stock price has risen over 4%, reaching a new high of 11.86 HKD since July, with a cumulative increase of 10% over three trading days [1] Group 1: Stock Performance - The stock price of 康师傅控股 increased by 4.22% to 11.85 HKD, with a trading volume of 283 million HKD [1] - The recent rise in stock price is attributed to a report from Goldman Sachs following a non-deal roadshow with 康师傅's management [1] Group 2: Financial Outlook - 康师傅 is facing challenges in achieving its sales target for the fiscal year 2025, which was originally expected to be flat to low single-digit growth, primarily due to weak beverage business [1] - However, the company is still on track to meet its profit target, with expected double-digit growth in recurring net profit, driven by pricing base effects, favorable cost conditions, efficiency improvements, and strict promotional management [1] - For 2026, 康师傅's management emphasized a focus on improving profit margins while aiming to restore revenue growth and continue efficiency enhancement measures [1] Group 3: Procurement Strategy - The company typically locks in procurement for various raw materials for periods ranging from half a month to several months [1]

Core Viewpoint - 康师傅控股's stock price has risen over 4%, reaching a new high of 11.86 HKD since July, with a cumulative increase of 10% over three trading days [1] Group 1: Stock Performance - The stock price increased by 4.22% to 11.85 HKD, with a trading volume of 283 million HKD [1] Group 2: Company Outlook - Goldman Sachs reported that 康师傅 is facing challenges in achieving its sales target for fiscal year 2025, which was originally expected to be flat to low single-digit growth, primarily due to weak beverage business [1] - Despite sales challenges, 康师傅 is expected to meet its profit target, with recurring net profit projected to grow by double digits annually, driven by pricing base effects, favorable cost conditions, efficiency improvements, and strict promotional management [1] - For 2026, 康师傅's management reiterated a focus on improving profit margins while aiming to restore revenue growth and continue efficiency enhancement measures [1] - The company typically locks in procurement of various raw materials for periods ranging from half a month to several months [1]

Core Viewpoint - Deutsche Bank reports that BYD's sales in 2025 may grow by 10% to 4.7 million units, which is below the company's target of 5.5 million units [1] Group 1: Sales Forecast - Deutsche Bank has lowered its forecast for BYD's 2025 net profit by 23.3% [1] - The anticipated sales growth of 10% to 4.7 million units is a significant adjustment from the company's original target [1] Group 2: Inventory Management - Since June, BYD has been reducing inventory levels at dealerships, which may lead to weak wholesale performance in the third quarter [1] Group 3: Stock Rating - Deutsche Bank maintains a "buy" rating on BYD's stock but has reduced the target price from HKD 150.00 to HKD 143.00 [1]