CLSA released a research report stating that U-PRESID CHINA (00220) faced intensified competition and food delivery platform subsidies, leading to a slowdown in Q3 sales growth, which was roughly flat year-on-year, largely in line with market expectations. Management noted continued pressure on the beverage segment in October but maintained its full-year sales growth target of 6-8%. The brokerage expects profit growth to slow next year, though a dividend yield of 6.3% could support the stock price. CLSA lowered its target price from HK$10.5 to HK$10 while retaining an "Outperform" rating.