Daiwa has released a research report downgrading U-PRESID CHINA's (00220) rating from "Outperform" by two notches directly to "Underperform," while also reducing its target price from HK$9.8 to HK$7.3. The report indicates that competition from fresh-made beverage and bottled drink manufacturers is intensifying. With increasing channel investments, the beverage business is likely to face cost pressures. The brokerage forecasts that U-PRESID CHINA's profit for the fourth quarter of 2025 will decrease by 38% year-on-year to RMB 133 million. Concurrently, it has lowered its earnings per share forecasts for the 2025 to 2027 fiscal years by 4% to 14%.