{"id":328779,"date":"2024-08-06T00:15:24","date_gmt":"2024-08-05T16:15:24","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328779"},"modified":"2024-08-06T01:00:43","modified_gmt":"2024-08-05T17:00:43","slug":"trade-the-news-urc-plans-full-exit-from-china-by-2025","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-urc-plans-full-exit-from-china-by-2025\/","title":{"rendered":"Trade the News: URC plans &#8220;full exit&#8221; from China by 2025"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Potential Impact of this News<\/strong><\/td><td><strong>NEGATIVE on the stock price<\/strong><\/td><\/tr><tr><td><strong>Company<\/strong><\/td><td>Cebu Air Inc.<\/td><\/tr><tr><td><strong>Stock Code<\/strong><\/td><td>CEB<\/td><\/tr><tr><td><strong>Long-term Recommendation on the Stock<\/strong><\/td><td>Buy<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>PHP 143.70<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Universal Robina Corp. (URC) announced plans for a \u201cstrategic exit\u201d from China amid a slowdown in the world\u2019s second-largest economy. URC expects to fully wind down operations by 2025.<\/p>\n\n\n\n<p>URC currently operates its cereal and snacks businesses, such as Aces cereal and Jack \u2019n Jill potato chips, in China.<\/p>\n\n\n\n<p>\u201cManufacturing and selling have ceased, with the full closure expected by 2025,\u201d URC said in a stock exchange filing on Friday, calling it a \u201cstrategic exit\u201d from the world\u2019s second-largest economy.<\/p>\n\n\n\n<p>\u201cThis will allow URC to redeploy resources to higher-growth markets across the region,\u201d it added.<\/p>\n\n\n\n<p>The company said in its first-half financial statement that \u201cseveral\u201d entities in China ceased operations and \u201cabandoned their business activities\u201d in June. This resulted in a net loss of P580 million from P14 million for URC China.<\/p>\n\n\n\n<p>Overall, URC\u2019s core earnings in the first semester registered only a slight increase of 5 percent to P6.7 billion.<\/p>\n\n\n\n<p>Other global firms have also reported sluggish consumption in China, which is being amplified by geopolitical concerns.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-328779","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=328779"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328779\/revisions"}],"predecessor-version":[{"id":328781,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328779\/revisions\/328781"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}