HU-UPCH@EC2706A

DeLaw Communication Benefits from AI Demand, Uni-President Adjusts Strategy

Uni-President Group Finalizes Carrefour Acquisition at NT$30.1 Billion

China Merchants Securities International Releases Report Analyzing Uni-President China's Q3 Earnings

GuoTai Haitong Securities: Uni-President China Reports Record Profits for Q1-Q3 2025 and Maintains 'Outperform' Rating

Goldman Sachs Publishes Report on Uniform China's Business Performance

UBS Cuts FY25-27 EPS Forecast for Uni-President China, Maintains 'Buy' Rating

CLSA: Uni-President China's Profit Growth to Slow, Target Price Maintained at HKD 10

Unifood China reports 23.1% increase in net profit to 2.01 billion yuan in first nine months of 2025

Unilever Group Partners with CTBC Bank to Launch Uniopen Co-branded Card, Yahoo Shopping Offers Extra Benefits

Goldman Sachs Raises Forecast for Unified Chinese Net Profit 2025-2027

China Merchants Securities Raises Uni-President China's Target Price to 9.9 HKD

Uni-President's Revenue Up But Net Profit Down in First Half

Nomura Downgrades Unified Revenue Outlook and Price Target

CICC 上调 Cathay Pacific profitability forecast and maintains outperform industry rating

U-PRESID CHINA released FY2025 Q1 earnings on August 6, 2025 (BJT), actual revenue HKD 9.15 B, actual EPS HKD 0.1595

U-PRESID CHINA released FY2025 Semi-Annual Earnings on August 6 Pre-Market (BJT), actual revenue HKD 18.5 B (forecast HKD 18.31 B), actual EPS HKD 0.3225 (forecast HKD 0.3064)

U-PRESID CHINA released FY2025 Q2 earnings on August 6 Pre-Market (BJT), actual revenue HKD 9.351 B, actual EPS HKD 0.163

U-PRESID CHINA to release FY2025 semi-annual earnings on August 6, 2025 (BJT), forecast revenue HKD 18.32 B, EPS HKD 0.3008

Wanda Pet Attracts Unified Enterprise's Strategic Investment

CICC Raises Target Price for Uni-President China to HKD 11.5

KO YO GROUP

GEOTECH HLDGS

CH CITY INFRA

PUTIAN COMM

CHINA INFO TECH

AGTECH HOLDINGS

MATRIX HOLDINGS

KFM KINGDOM

SANERGY GROUP

YUNKANG GROUP

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Daiwa has downgraded U-PRESID CHINA's rating from "Outperform" to "Underperform," and lowered the target price from 9.8 yuan to 7.3 yuan. The report points out that competition in fresh beverages and bottled drinks has intensified, and the beverage business is facing cost pressures. It is expected that profits will decline by 38% to 133 million yuan in the fourth quarter of 2025, and the earnings per share forecast for 2025 to 2027 has been cut by 4% to 14%

AASTOCKS

China Merchants Guozheng Food and Beverage ETF

Tianhong CSI Food and Beverage ETF

Hwabao WP CSI Food & Beverage Sub-Industry ETF

U-PRESID CHINA

ChinaAMC CSI Food & Beverage Sub-Industry ETF

Daiwa downgraded U-PRESID's rating to "Underperform" and lowered the target price to HKD 7.3

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Goldman Sachs reiterated its "Buy" rating on TINGYI, expecting its instant noodle business to benefit from market share gains and improved operational efficiency, with profit forecasts for 2025 to 2027 raised by 5% to 8%. The target price was increased from 12.7 yuan to 13.7 yuan. In contrast, the revenue forecast for U-PRESID was lowered by 1% to 4%, and the profit forecast was cut by 5% to 10%, with the target price reduced from 9 yuan to 8.2 yuan, maintaining a "Neutral" rating

TINGYI

Huaan CSI SWS Food and Beverage ETF

Goldman Sachs reiterates "Buy" rating on TINGYI, continues to be optimistic about this year's operating outlook

U-PRESID CHINA (220.HK) recent performance has been constrained by sector differentiation, with the daily MACD showing a death cross pattern continuing, and the green bars increasing, reflecting a short-term bearish dominance. On the market, the company's stock price has retreated from its high, and trading volume has further shrunk in recent trading days, indicating that market funds are clearly on the sidelines. As one of the leaders in the consumer goods sector, U-PRESID CHINA's performance is relatively stable, but the recovery of consumer demand is uncertain, and insufficient industry prosperity is suppressing stock price performance. Currently, there are significant divergences within the consumer sector, with some blue-chip stocks receiving funds for bargain hunting, while other sectors continue to face pressure. U-PRESID CHINA is facing a test of its support zone; if funds continue to withdraw during the session, a breakdown could trigger a new downward trend. Fundamentally, the company's profit model is stable, and cash flow is abundant, with improved macro expectations likely to bring new repair momentum, but in the short term, it may still be dominated by oscillating adjustments. It is suggested that short-term operations can focus on whether important support levels hold; if low momentum oscillation is maintained, small positions can be taken on dips. If there is a significant volume drop below key support during the session, decisive stop-loss measures should be taken to prevent tail risks. For medium to long-term allocation, it is advisable to wait for further recovery in industry demand and an increase in safety margins before considering entry. Overall, risks and opportunities coexist at present, and strict control of positions and stop-loss lines is necessary

Technical Forecast

Morning Trend | U-PRESID CHINA shrinks in volume and dips, can it hold up under consumer divergence?

Jefferies Adjusts Uni-President China Holdings' Price Target to HK$10.35 from HK$10.98, Keeps at Buy

marketscreener

Jefferies Adjusts Uni-President China Holdings' Price Target to HK$10.35 from HK$10.98, Keeps at Buy

U-PRESID CHINA (220.HK) repeatedly tested the lower Bollinger band on January 8, with funds maintaining a risk-averse state, dominated by selling pressure in the market. The consumer staples sector has seen increased volatility recently, with food and beverage sales data in multiple regions falling short of expectations, leading to a shift in funds. The company has no substantial announcements, and the launch of some annual new products is viewed as routine and has not sparked market enthusiasm. Technically, HKD 7.87 is a key boundary, with MACD weakening and moving averages showing a suppressive trend. Overall sentiment remains defensive, and any unusual movements during intraday trading may trigger short-term volatility. Future market focus will be on policy or signals of consumer recovery. The strategy should be conservative, avoiding chasing highs and cutting losses, and guarding against short-term risks from sudden market movements

Early Morning Trend | U-PRESID CHINA tests key levels, is a time-sensitive opportunity coming?

U-PRESID CHINA (220.HK) saw a continuous rise during yesterday's trading session, closing at a high in the last trading minutes, indicating a clear sign of capital inflow in the short term. Recently, the consumer sector has regained market attention, with prices of fresh dairy products and convenience foods declining, significantly easing the pressure on the company's raw material costs, which positively impacts profitability. The company continues to advance its new product strategy and collaborates with leading retail platforms, leading to high market expectations for its expansion prospects, stimulating increased activity in the sector. Recently, capital rotation within the industry has accelerated, with consumer stocks benefiting from capital switching from high positions in the pharmaceutical and technology sectors, as funds flow into undervalued defensive sectors. On the trading front, U-PRESID CHINA experienced a rise in both volume and price yesterday, with the MACD daily line forming a golden cross, and short-term bullish momentum significantly accumulating, effectively breaking through the recent consolidation range. 

In terms of operational advice, it is recommended to closely monitor the volume situation during today's trading session—if the volume-price relationship can maintain positive feedback, further rises to test previous highs can be expected; if trading volume shrinks, caution should be exercised regarding the risk of short-term pullbacks and rapid capital withdrawals. As sector sentiment is driven by capital, short-term capital inflows and outflows are frequent, so quick entry and exit strategies are recommended, avoiding blind chasing of highs. Additionally, pay attention to industry news and changes in the company's fundamentals, which can assist in assessing the sustainability of capital support. Overall, the short-term outlook for U-PRESID CHINA is promising, but significant intraday volatility will test capital operation capabilities, necessitating dynamic strategy adjustments to mitigate short-term risks

Morning Trend | U-PRESID CHINA surges on increased volume, is there a short-term surprise in the consumer sector?

According to a report from Economic News Agency on the 6th, U-PRESID CHINA announced that its net profit after tax for the first nine months of this year was 2.01 billion yuan, an increase of 23.1% year-on-year. (rh)

etnet

In the first three quarters, U-PRESID CHINA's after-tax profit increased by 23% year-on-year

U-PRESID CHINA announced that for the nine months ended September 30, 2025, the group's unaudited net profit after tax recorded RMB 2.01 billion, an increase of 23.1% year-on-year

"Performance" U-PRESID CHINA's after-tax profit for the first three quarters is 2.01 billion RMB, an annual increase of 23.1%

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Hong Kong stocks fluctuated upward under the influence of the China-U.S. trade agreement, with the Hang Seng Index rising 150 points to close at 26,057 points for the half-day. The National Index and the Hang Seng Tech Index rose by 62 points and fell by 14 points, respectively. The total turnover reached HKD 132.1 billion. In the chip sector, SMIC and Hua Hong fell by 4.1% and 4.4%, respectively, while consumer stocks WH Group and U-PRESID CHINA rose by 5.4% and 3.3%, respectively

Hua Hong

HUA HONG SEMI

"Hong Kong Stocks" Hang Seng Index rises 150 points in half a day, chip and gold-related stocks decline, oil stocks and domestic bank stocks rise

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On October 15th, the net inflow amounts for Ying'en Biotechnology-B, Alibaba-W, and China Merchants Bank from southbound funds were 882 million, 831 million, and 683 million, ranking the top three. The Tracker Fund of Hong Kong, Hang Seng China Enterprises, and Semiconductor Manufacturing International Corporation saw net outflows of -8.571 billion, -3.336 billion, and -660 million, respectively. In terms of net inflow ratios, U-PRESID CHINA, GX Hang Seng Technology, and Anjuke Foods were 64.68%, 64.41%, and 59.18%, respectively

Zhitong

China Merchants Bank

CM BANK

Statistics of Capital Flow for Hong Kong Stock Connect (T+2) | October 20

U-PRESID's revenue in September was NT$ 58.42 billion, compared to NT$ 57.85 billion in the same period last year

U-PRESID CHINA's stock price rose by more than 4%, with an increase of 4.39% as of the time of publication, trading at HKD 9.76, with a turnover of HKD 71.2933 million. The company's revenue and net profit for the first half of the year increased by 10.6% and 33.2% year-on-year, exceeding Goldman Sachs' forecasts. Despite the rise in palm oil prices, the EBIT of the food business grew by 32% year-on-year. China Merchants Securities pointed out that due to the lack of price increase plans and increased promotional efforts, growth and profit margin upside are limited. Management reiterated the annual sales growth target of 6% to 8%

Understanding the Market | U-PRESID CHINA rose over 4%, the company's performance in the first half of the year was stable, and institutions indicated that the benefits of raw material cost have basically been released

Goldman Sachs released a research report stating that U-PRESID CHINA's revenue and net profit in the first half of the year increased by 10.6% and 33.2% year-on-year, exceeding Goldman Sachs' forecasts by 8.5% and 27.4%, and surpassing market expectations by 8.4% and 26.6%. Additionally, although palm oil prices have risen, the capacity utilization rate of the food business continues to improve, resulting in an EBIT increase of 32% year-on-year, significantly exceeding Goldman Sachs' forecast by 45%. The firm reiterated its "Neutral" rating on the company and raised the target price from HKD 10.3 to HKD 10.6. The firm slightly adjusted U-PRESID's sales forecasts for 2025 to 2027 by 1% and raised net profit forecasts by 2% to 3%. Due to ongoing intense market competition, the firm lowered its beverage sales and EBIT profit margin forecasts by 2.4% and 0.3 percentage points, while raising the EBIT profit margin forecast for the instant noodle business by 0.8 to 0.9 percentage points to reflect improved sales momentum and strengthened product mix

Goldman Sachs: Reiterates U-PRESID CHINA "Neutral" Rating and Raises Target Price to HKD 10.6

Goldman Sachs: Raises U-PRESID CHINA target price to HKD 10.6, reiterates "Neutral" rating

HU-UPCH@EC2706A(23787.HK)

Daiwa downgraded U-PRESID's rating to "Underperform" and lowered the target price to HKD 7.3

Goldman Sachs reiterates "Buy" rating on TINGYI, continues to be optimistic about this year's operating outlook

Morning Trend | U-PRESID CHINA shrinks in volume and dips, can it hold up under consumer divergence?

Jefferies Adjusts Uni-President China Holdings' Price Target to HK$10.35 from HK$10.98, Keeps at Buy

Early Morning Trend | U-PRESID CHINA tests key levels, is a time-sensitive opportunity coming?