CMB International Securities: Raises target price of Uni-President China (00220) to HK$9.9, maintains "Neutral" rating.

According to the Wisdom Financial APP, China Merchants Securities released a research report stating that China Unicom (00220) had a stable performance in the first half of the year, but there is still significant uncertainty in the second half. The target price has been raised from 9.2 Hong Kong dollars to 9.9 Hong Kong dollars, based on a forecasted price-earnings ratio of 17 times for mid-2026; The current valuation reflects a relatively balanced risk-return profile, maintaining a "neutral" rating.