bestplayingcardsforpoker| Daiwa: Upgrade Uni-President Enterprise's China rating to "Buy" and raise its target price to HK$7.8

Daiwa released a research report saying that he believes Uni-President Enterprise China (00220) can stabilizebestplayingcardsforpokerIts pricing strategy gained sales share, raised its 2024 - 2026 profit forecast by 23% to 26%, and raised its target price from HK$6 to HK$7.bestplayingcardsforpoker.8 Hong Kong dollars, upgraded from "hold" to "buy".

The report pointed out that the company's first-quarter profit doubled to 4.5 percent year-on-yearbestplayingcardsforpoker.57 billion yuan, mainly driven by a year-on-year expansion of gross profit margin of 4 to 5 percentage points, of which about 2 percentage points came from higher utilizationbestplayingcardsforpokerAbout 1 percentage point comes from the contribution of raw material cost mitigation. The bank believes that Uni-President will benefit from improved competitive dynamics and strong demand in China's soft drink industry in the first half of this year, as well as the impact of higher retail prices by major competitors Master Kong Holdings (00322) and Coca-Cola.