CMB International Securities (Hong Kong): Maintains a "Neutral" rating for Unifi China (00220.HK) with a target price of 8.4 Hong Kong dollars.

According to the Zhixun Finance and Economics APP, China Unicom (00220.HK)'s 6.5% dividend yield is becoming increasingly attractive. China Unicom's stock rating has been maintained as "neutral" by CMB Securities (Hong Kong), but if the industry's competitive landscape shows signs of stabilizing, the rating may be upgraded to "hold." The target price given by the firm is 8.4 Hong Kong dollars (down from 9.9 Hong Kong dollars), based on a revised 2026 P/E ratio of 14.5 times (down from 17.0 times) and a stock price that is currently 1 standard deviation below its long-term average since 2020. The firm has adjusted its valuation multiples to reflect the drag on beverage sales from the current epidemic, which is expected to continue until 2026.