Lates News

UBS released a report indicating that Uni-President Enterprises' management in China is maintaining guidance of 6% to 8% revenue growth by 2025, and striving to achieve growth of 8% to 12%. The instant noodle business has shown strong resilience since the beginning of the year, but the beverage business faces increasingly intense competition as it enters the peak season. Management expects that due to expansion and careful cost management, the expense ratio in 2025 will slightly decrease. Considering Uni-President's solid performance so far this year, UBS has raised its earnings per share forecast for the next two years by 4% to 6%, and reiterated a "buy" rating with a target price increase from HK$9.7 to HK$11.5.