Morgan Stanley published a research report stating thatfreespinsonregistration, Uni-President 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 expects that Unified'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. 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%freespinsonregistration; gross profit margin forecast for fiscal year 2024 is increased by 1freespinsonregistration.5 percentage points; earnings per share forecast for fiscal year 2024 is raised by 19%; earnings per share forecast for fiscal year 2025 and 2026 is raised by 26% and 28% respectively.

Morgan Stanley will unify its target price from 4freespinsonregistrationHK$.9 was upgraded to HK$6.6, and the rating was accordingly upgraded to "In sync with the market".