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Hong Kong stock movement | Beer stocks decline in the afternoon. In October, the beer production of large-scale enterprises has once again turned to decline. Policies are expected to stimulate improvement in end demand.
Beer stocks fell in the afternoon. As of the time of reporting, china res beer (00291) dropped by 4.1%, priced at 25.75 HKD; bud apac (01876) decreased by 2.12%, priced at 7.37 HKD; tsingtao brew (00168) fell by 1.62%, priced at 48.5 HKD.
Lyon: Anticipating improvement in domestic demand, the industry prefers nongfu spring and others.
Lyon released a research report stating that it is expected that china's consumer will continue to improve next year, especially in the second half of next year assuming that support policies are steadily introduced, and most stocks are still cheap. The bank predicts that the baijiu(chinese liquor) industry will be the first sector to rebound, as it is more sensitive to changes in the macro environment and commercial demand. At the same time, the bank recommends investors to focus on companies with profit turnaround potential. If the macro situation recovers smoothly, high-yield themes may face the risk of capital outflows. The bank recommends choosing high-quality large companies in the early stages of recovery. The bank's top stock picks include wuliangye yibin (000858.SZ) and shanxi xinghuacun fen wine factory (600)
There's Been No Shortage Of Growth Recently For Tsingtao Brewery's (HKG:168) Returns On Capital
Express News | JPMorgan Chase & Co's Short Position in H Shares of Tsingtao Brewery Decreases to 0.89% on Nov 13 From 2.05% - HKEX
Tsingtao Brewery Shifts Hong Kong Share Registrar
Hong Kong stocks are moving | Leading companies are facing growth challenges, china res beer (00291) has fallen over 4%, leading the decline among beer stocks.
Beer stocks continue to fall, as of the deadline, China Res Beer (00291) fell by 4.06%, to HK$27.2; Bud APAC (01876) fell by 3.52%, to HK$7.68; Tsingtao Brew (00168) fell by 3.05%, to HK$49.35.
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