No Data
Hong Kong Stocks are fluctuating. Beer stocks continue to decline, and the weak consumption is affecting the market. Beer production has declined continuously for four months.
Beer stocks continued their downward trend. As of press time, Tsingtao Brew (00168) fell 3.77%, to HKD 45.9; China Res Beer (00291) fell 3.75%, to HKD 24.35.
Huaxi Securities: Beer peak sales have gradually started, short-term and medium-term profit margins can still be expected.
The current peak beer sales season has gradually opened. According to historical data, there is an expectation of an increase in valuation for the beer sector during the peak season of beer consumption.
Tsingtao at the REVIVING CRAFT Exhibition: Fusion of Beer and Chinese Cuisine
Tsingtao Brew: 4.236 million restricted A shares will be listed and circulated on July 24th.
Tsingtao Brew (00168) announced that the lock-up period for restricted stocks incentive plan will expire on July 24, 2024. The number of restricted stocks to be unlocked and listed for trading is 4.236 million.
Express News | Tsingtao Brewery Lock-up Period for 4.2 Mln Shares to End, Shares to Start Trading on July 24
Beer stocks are gaining against the market trend. Bud APAC (01876) rose 2.61%. Institutions are bullish on beer's performance during the peak season.
Jingu Financial News: Beer stocks are doing well against the trend, with Bud APAC (01876) up 2.61%, Tsingtao Brew (00168) up 1.95%, China Res Beer (00291) up 1.59%, and San Miguel HK (00236) up 0.96%. Galaxy Securities is bullish on beer sales in the peak season. In May 2024, China's beer production was 3.535 million kiloliters, a year-on-year increase of 4.5%. The cumulative production in the first five months of 2024 was 15.045 million kiloliters, a year-on-year increase of +0.7%. The high base effect will still exist in 2023. The sales peak season in July is coming, along with a high base effect from the previous year.
No Data
