Glonghui, March 11 | J.P. Morgan Chase released a report stating that sales of unified enterprises in China increased by 1.2% year-on-year last year, 3% lower than market expectations, and adjusted profit increased 15.5% year-on-year, exceeding market expectations by 9%. The unified target for this year is to increase sales by about 10%, driven by new products (unsweetened tea and prepared dishes) and new channels (tourist attractions/transportation hubs); core net interest rates have increased by 4.9% since then, but no specific figures have been provided. Motong's forecast is conservative. It is expected that this year's sales and profit will increase by 7% and 11%, respectively. Currently, the stock price corresponds to this year's price-earnings ratio of 13.3 times. This year's dividend rate is 8.3%, or the dividend ratio is 110%, while the stock price of the peer, Master Kong, corresponds to this year's price-earnings ratio of 12 times. The dividend ratio is 7.8%, or 100% dividend ratio. Motong is optimistic about unifying attractive dividend rates, etc., and maintaining an “gain” rating.