HK Stock Market Move | U-PRESID CHINA (00220) rises by more than 3%, company's annual performance announcement imminent.

U-PRESID CHINA (00220) has risen by more than 3%, and as of the time of writing, it has increased by 2.97% to HK$7.98, with a turnover of HK$48.5531 million. In terms of news, U-PRESID CHINA previously announced that the company will hold a board meeting on March 4 to approve the annual performance announcement and consider recommending dividend distributions for the company and its subsidiaries until December 31, 2025. Daiwa previously pointed out that competition from fresh beverage and bottled beverage manufacturers is intensifying. With increased channel investment, the beverage business may face cost pressures. CMSC (Hong Kong) has previously stated that the company's dividend yield of 6.5% is increasingly attractive, and if there are signs of stability in the industry competition, it will upgrade the rating to a buy recommendation.