[ET Net News Agency, 27 May 2024] Morgan Stanley raised the target price for U-Presid
China (00220) to HKD6.6 from HKD4.9 and upgraded the rating to "equal-weight" from
"underweight".
The research house said it lifts 2024-26 sales forecasts 1-2% after factoring in strong
sales momentum in the beverage segment in 1Q24 and lifts GPM estimate by 1.5ppt for 2024,
thereby increasing EPS estimate by 19%. (rc)