Uni-President China Holdings Ltd
00220: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| HKD 6.50 | Kqvz | Zcdwzqz |
Brighter 2023 Outlook for Uni-President China; Raising FVE to HKD 7.60
Business Strategy and Outlook
Uni-President China is the second-largest producer of instant noodles and ready-to-drink, or RTD, 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.