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HK stock abnormal movement | Liquor stocks decline in early trading, baijiu continues to be under pressure, beer sales decline, institutions say policy impact on consumer spending still needs to be observed
Alcohol stocks fell in the morning session, as of the deadline, China Res Beer (00291) fell by 6.37%, to 29.4 Hong Kong dollars; Tsingtao Brew (00168) fell by 5.14%, to 51.7 Hong Kong dollars; Bud APAC (01876) fell by 3.58%, to 8.35 Hong Kong dollars; ZJLD (06979) fell by 3.87%, to 7.45 Hong Kong dollars.
guolian: The fundamentals of the liquor sector in 2024Q3 have bottomed out, and the report is slowing down.
Overall, the revenue growth rate of key baijiu industry companies in 2024Q3 calculated by the method of law is 2.41%, with high-end liquor/second-tier liquor/regional liquor revenue growth rates of +9.59%/-0.38%/-15.64% respectively, each decreasing by 4.65/8.87/23.32 percentage points compared to the previous period.
Tsingtao Brewery's (HKG:168) Earnings Quality Is Low
Hong Kong stocks are active | Beer stocks rose in the late trading, with the hope of improving demand supporting the volume and price of beer. The leading beer company continues its steady growth.
Beer stocks rose in the final hour, as of the deadline, bud apac (01876) rose by 5.24%, closing at 8.44 Hong Kong dollars; china res beer (00291) rose by 4.61%, closing at 30.65 Hong Kong dollars; and tsingtao brew (00168) rose by 2.14%, closing at 52.5 Hong Kong dollars.
Jefferies Adjusts Tsingtao Brewery's Price Target to HK$68 From HK$70, Keeps at Buy
Tsingtao Brewery Company Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
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