Yamato: Downgrades China's Unified Enterprise (00220.HK) to "Outperform the Market" with a target price reduction to HK$9.8. Low visibility in future profit margins.

The Wise Finance App learned that Nomura released a research report stating that they have downgraded the rating of Uni-President China (00220.HK) from "Buy" to "Outperform the Market" due to a reduction in upside potential in the target price. Maintaining a target P/E ratio of 17 times, the target price has been lowered from 10 Hong Kong dollars to 9.8 Hong Kong dollars. Nomura has reduced the earnings per share forecast for Uni-President from 2025 to 2027 by 2% to 5%, as they expect a slowdown in the expansion of operating profit margins during that period.