Morgan Stanley released a research report saying that it will unify the target price of the company's China (00220) from 4livecasinolightningroulette.9 Hong Kong dollars rose to 6livecasinolightningroulette.6 Hong Kong dollars, and the rating is accordingly upgraded to "In sync with the market". The company may face more severe competition in the second quarter of fiscal 2024, which will slow its sales growth and weaken its sales leverage. Sales are expected to increase by 8% in fiscal 2024.
The bank predicts that Unify's profit margin expansion in the first quarter of this year is unlikely to occur again, and believes that the company's utilization rate will weaken in the second and third quarters of this year. At the same time, the bank believes that the company's better product portfolio and lower promotional levels may continue in fiscal 2024 and effectively increase the company's profit margins. In addition, considering the strong sales momentum of Uni-President's beverage business in the first quarter of fiscal year 2024, Morgan Stanley raised its sales forecast for fiscal year 2024 to 2026 by 1% to 2%livecasinolightningroulette; Gross profit margin forecast for fiscal year 2024 is raised by 1.5 percentage pointslivecasinolightningroulette; The earnings per share forecast for fiscal year 2024 is raised by 19%; the earnings per share forecast for fiscal year 2025 and 2026 is raised by 26% and 28% respectively.