Uni-President China Holdings Ltd
00220: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$5.10 | Kjp | Nffpvdll |
Uni-President China’s Q3 Still Hit by Cost Hike; We Expect Turnaround in 2023, FVE Cut to HKD 6.90
Business Strategy and Outlook
Uni-President China is the second-largest producer of instant noodles and ready-to-drink tea in China. The company underwent a period of fast revenue growth in the early 2010s and has transitioned to a more stable state in recent years. According to Euromonitor, its market share in instant noodles and RTD tea rank second after Tingyi, at around low-teens and midteens, respectively. However, new entrants emerging in ready meals and RTD drinks could gain share in Uni-President’s traditional categories.