UBS: Lowered the target price for China Unicom (00220.HK) to HK$10.5, third quarter performance in line with expectations.

According to the WiseFinance app, UBS has released a research report stating that it will lower its earnings forecasts for Unified Enterprise China (00220.HK) by 1 to 3% for the years 2025 to 2027, and lower its target price from 11.5 Hong Kong dollars to 10.5 Hong Kong dollars, while maintaining a "buy" rating. Unified's net profit in the first three quarters increased by 23% year-on-year, indicating that net profit in the third quarter increased by 8% year-on-year to 726 million yuan, in line with the bank's and market expectations.