Sell gold to maintain a unified investment rating and target price of six yuan

Updated: October 19, 2015  Views: 30

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Gold issued a report on Friday (the 16th) to participate in a reverse roadshow Uni-President China (00220.HK), held in Xi'an, the bank estimated that the company's third-quarter sales performance or lower than expected, unity will not follow immediately Kang division Biography of instant noodle products increases, its 'sea of words' drinks have slowed circumstances, its 'Little Ming students' remain strong, and the company plans to cut capital spending this year, from 2.5 billion fell to 2 billion yuan.

The bank maintain unity 'sell' rating and target price of 6 yuan, 30 times forecast earnings considerable price, is believed to have reflected in their higher-margin drinks can continue to improve gross profit performance, but was lowered risk of market valuations are rising.

Gold estimates that unified enterprise income in the third quarter will be Johnson or market expectations, instant noodle product revenue year decline narrowed or difficult, cooler weather and rain dragged down drinks quarter revenue, expected third quarter net profit of unity between 3 one hundred million yuan, but recorded a further loss in the fourth quarter, mainly its high-margin 'unified Starbucks' drinks into the off-season. (both)


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