Instant noodle maker Uni-President China Holdings' H1 profit rises
Instant noodle maker Uni-President China Holdings' H1 profit rises
Overview
China instant food and beverage maker's interim revenue rose 1.4% yr/yr to RMB17.32 bln
Profit attributable to equity holders increased 9% yr/yr to RMB1.40 bln
Gross margin improved to 35.0%, mainly driven by product structure optimization
Result Drivers
PRODUCT STRUCTURE OPTIMIZATION - Co said improved gross margin was mainly driven by optimization of product structure
FOOD SEGMENT GROWTH - Co said food business revenue rose 4.7% yr/yr, supported by ongoing product innovation and targeted marketing
PROMOTIONAL SPENDING - Co said selling and marketing expenses increased due to higher promotional expenses and channel expansion
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| RMB 17.32 bln |
|
H1 Net Income Attributable |
| RMB 1.40 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the non-alcoholic beverages peer group is "buy"
Wall Street's median 12-month price target for Uni-President China Holdings Ltd is HK$9.20, about 23.2% above its August 4 closing price of HK$7.47
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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Instant noodle maker Uni-President China Holdings' H1 profit rises
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