BUZZ-China's Uni-President rises most in 3 months on H1 profit beat
Reuters
Aug 07
BUZZ-China's Uni-President rises most in 3 months on H1 profit beat
** Shares of Uni-President China Holdings 0220.HK rise 5.2% to HK$9.73, on course for the biggest one-day pct gain since May 9
** Stock on track to snap five straight sessions of decline
** The Chinese instant noodle and beverage producer said its H1 net profit jumped 33.2% y/y, revenue up 10.6% y/y, and gross margin expanded to 34.3% from 33.8%
** Citi keeps "buy" rating on the stock, citing 1H25 net profit beat and management maintaining full-year guidance of expanding group sales by 6%-8%
** Hang Seng Composite Industry index tracking consumer staples .HSCICS rises 1.6%, benchmark Hang Seng Index .HSI gains 0.5%
** YTD, stock up 22.3%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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