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Research Reports Gold Mining | GTJA: Maintains "Shareholding" rating on Tsingtao Brewery, raises Target Price to 92.30 yuan.
GTJA Research Reports indicate that in Q4 2024, Tsingtao Brewery (600600.SH) is expected to see sales growth of +3-5%, while an overall decline of -5-6% in sales is forecasted for the entire year of 2024. It is predicted that in 2025, Tsingtao's sales growth rate may exceed the Industry growth rate, with a slight increase in ton price, and a recovery in market conditions is anticipated; regarding major products, the 8 yuan classic is still expected to be the main driver, while products priced above 10 yuan may focus on pure draft. It is expected that barley costs in 2025 may decrease by a large single-digit percentage year-on-year, with stable prices for glass bottles and cartons. Considering structural upgrades, it is predicted that the gross margin in 2025 may further improve. Additionally, it is expected that the company will further enhance its ...
Hong Kong stocks fluctuated | TSINGTAO BREW (00168) rose over 4%. Institutions expect sales growth in the fourth quarter or single-digit increase. Market share in 2025 is expected to recover.
TSINGTAO BREW (00168) has increased by over 4%. As of the time of writing, it is up 3.77%, trading at 56.45 HKD, with a transaction volume of 0.113 billion HKD.
TSINGTAO BREW (00168.HK) received a Shareholding increase of 0.2532 million shares from JPMorgan.
On December 16, Gelonghui reported that according to the latest equity disclosure information from the Stock Exchange, on December 9, 2024, TSINGTAO BREW (00168.HK) received additional Shareholding from JPMORGANCHASECO of 0.2532 million shares at an average price of HK$51.134 per share, involving approximately HK$12.946 million. After the Shareholding increase, the latest number of shares held by JPMORGANCHASECO is 32,823,032 shares, and the shareholding ratio increased from 4.97% to 5.01%.
GTJA: The Beer Industry has entered an era of high dividends, which may present strong and certain investment opportunities.
In the medium to long term, the economic situation is expected to marginally improve, with ongoing structural upgrades and category expansions. Leading Beer companies may expand their categories, and the contribution ratio of Other business lines such as beverages and Spirits will gradually increase.
Hong Kong stocks movement | Beer stocks collectively fell as beer consumer demand enters the off-season. Institutions state that companies have low expectations for overall growth next year.
Beer stocks collectively declined. As of the time of publication, BUD APAC (01876) fell by 5.15%, trading at 7.37 HKD; CHINA RES BEER (00291) dropped by 3.95%, trading at 26.7 HKD. Meanwhile, TSINGTAO BREW (00168) briefly turned positive in the afternoon.
Hong Kong stock Concept tracking | Boosting Consumer spending will be a top priority for economic work. Institutions state that the Beer Industry valuation is at a historical low (attached Concept stocks).
Stimulating consumption will be a top priority in economic work.
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