Consumer Staples, Financials May 13, 2021 12:30 PM (GMT+8) · EqualOcean
Goldman Sachs released a research report, slightly reducing the target price of uni President China from HK $9.1 to HK $9, with a "neutral" rating. According to the report, the company reported a net profit of 378 million yuan in the first quarter of this year, down 11% year-on-year, which was worse than the bank expected. Although fast drink sales achieved double-digit growth year-on-year, weak gross margin and increased expenditure dragged down the first quarter profit growth.

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