Goldman Sachs released a research report expressing optimism about TINGYI (00322)'s increased focus on developing its instant noodle business, anticipating market share gains and improved operational efficiency this year. The firm forecasts a positive operating outlook for the company this year, raising its profit forecasts for 2025 to 2027 by 5% to 8%. It predicts that the operating profit margin for the instant noodle business will expand, benefiting from easing cost pressures, product price increases, and expense savings. Consequently, the target price has been raised from HK$12.7 to HK$13.7, reiterating a "Buy" rating. As for peer Uni-President China (00220), Goldman Sachs has lowered its revenue forecast for 2025 to 2027 by 1% to 4%, reflecting potential impacts from intensified market competition on the beverage business; its profit forecast has been cut by 5% to 10%. With support from the instant noodle and OEM businesses, it is currently estimated that Uni-President's sales could grow by approximately 3.5% this year, with profits expected to increase by 1%. Accordingly, the target price has been reduced from HK$9 to HK$8.2, maintaining a "Neutral" rating.