CICC released a research report stating that the target price for Unified Enterprise China (00220) was raised by 11% to HK$8.3, the basic profit forecast for 2024/25 remained unchanged, and the investment rating of “outperforming the market” was maintained.
The bank pointed out that product innovation in unified China continues to advance, and actively arranges a sugar-free tea circuit, such as launching new products such as unified sugar-free green tea “Chunfu Green Tea”, 900ml of Haizhiyan electrolyzed water, and NFC tomato juice. However, in the past few years, the company has increased its channel power, and results have gradually become apparent; China Gold also said that the unified Chinese beverage industry will maintain a relatively high level of prosperity. It is expected that profit margins will be repaired throughout the year.