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Hong Kong stocks fluctuate | Beer stocks continue to decline, but consumer demand is structurally improving. High-end beer consumption scene still needs to be repaired.
Beer stocks continue to slide. As of press time, China Res Beer (00291) has fallen 2.74% to HKD 23.05; Tsingtao Brew (00168) has fallen 1.73% to HKD 48.4; and Bud APAC (01876) has fallen 1.72% to HKD 9.14.
Hong Kong stock market changes | Tsingtao Breweries (00168) rose nearly 3%. July beer sales increased year-on-year, or demand will continue to rise in summer sports events.
Tsingtao Brew (00168) rose nearly 3%, as of the time of publication, rose 2.83%, trading at HKD 50.95, with a turnover of 0.103 billion Hong Kong dollars.
Tianfeng Securities: Liquor companies are actively preparing for the third quarter and focusing on Q2 sector performance.
Currently, the fundamentals of the baijiu sector are still good, and we are bullish on the short-term sector's rebound opportunities.
Tsingtao Brewery Schedules Key Financial Review
Tsingtao Brew (00168.HK) will hold a board of directors meeting on August 29 to approve its mid-term performance.
Tsingtao Brew (00168.HK) announced on August 6th that the board of directors will hold a meeting on August 29th, 2024 to review and approve the unaudited mid-term performance of the company and its subsidiaries for the six months ending on June 30, 2024, prepared in accordance with the Chinese Enterprise Accounting Standards, as well as to handle other matters (if any).
TSINGTAO BREW: ANNOUNCEMENT OF DATE OF BOARD MEETING
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