Yamato: raises target price for Unified Enterprises China (00220.HK) to 10 Hong Kong dollars, reaffirms "buy" rating.

According to the Wisdom Financial APP, Daiwa Securities released a research report stating that Uni-President China (00220.HK) achieved a 32% increase in profit in the first quarter of this year compared to the same period last year, in line with the bank's forecast, but far higher than the market's forecast of a 14% increase in the first half of this year. The bank noted that the company's growth significantly outperformed Kang Shi Fu Holdings (00322.HK), which may have seen a decline in revenue in the first quarter. Therefore, it reiterated a "buy" rating for Uni-President China due to its rapid market share growth and strong performance of new products, with a target price raised from 9.7 Hong Kong dollars to 10 Hong Kong dollars.