date:Oct 10, 2013
o its historical median, according to Thomson Reuters StarMine.
Uni-President, which has a market value of $3.8 billion, trades at 27 times forward earnings, a 34.5 percent premium to its historical median, according to Thomson Reuters StarMine.
That compares with an average 20 times forward earnings that MSCI China consumer staples are trading at, on an absolute basis, according to Thomson Reuters I/B/E/S data.
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The price war also comes at a time when Chinese consumers are d