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Buy Rating for Tsingtao Brewery Co. on Anticipated Sales Recovery and Margin Expansion
CITIC Securities: Beer demand under pressure due to multiple factors. Industry upgrading continues but slows down. Sector performance diverges.
CICC believes that although the beer industry may continue to slow down due to the impact of the consumption environment and face pressure on sales, the direction of structural upgrades still has certainty.
Tsingtao Brewery's 2H Sales Volume Could Recover Slightly -- Market Talk
China Merchants Securities: Baijiu performs steadily, weak recovery in food demand.
China Merchants Securities reiterates its focus on leading stocks and seeks out individual stocks that have been mistakenly killed by top-down logic.
Analysts Conflicted on These Consumer Goods Names: Tsingtao Brewery Co (OtherTSGTF) and Coles Group Ltd. (OtherCLEGF)
Buy Rating on Tsingtao Brewery Co.: Strong Brand Leverage and Premiumization Strategy Signal Growth
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