The Zhitong Finance App learned that Goldman Sachs released a research report saying that it is expected that sales in the third quarter of the unified enterprise China (00220.HK) will remain generally stable year over year, benefiting from product portfolio upgrades and prudent and flexible marketing, which will help partially offset cost pressure, and it is believed that profit margins will be resilient. However, Goldman Sachs expects that the beverage business will still be dragged down by weak consumer sentiment and unfavorable weather factors from July to August. Among them, milk tea ingredients will still be the main driving force, and drinking tea and juice will continue to face competition; in a high-end and more rational competitive environment, convenient fabrics will continue the growth trend in the first half of the year. Maintaining a “neutral” rating, the target price was lowered from HK$8.8 to HK$8.36.

The Zhitong Finance App learned that Goldman Sachs released a research report saying that it is expected that sales in the third quarter of the unified enterprise China (00220.HK) will remain generally stable year over year, benefiting from product portfolio upgrades and prudent and flexible marketing, which will help partially offset cost pressure, and it is believed that profit margins will be resilient. However, Goldman Sachs expects that the beverage business will still be dragged down by weak consumer sentiment and unfavorable weather factors from July to August. Among them, milk tea ingredients will still be the main driving force, and drinking tea and juice will continue to face competition; in a high-end and more rational competitive environment, convenient fabrics will continue the growth trend in the first half of the year. Maintaining a “neutral” rating, the target price was lowered from HK$8.8 to HK$8.36.