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Hong Kong stocks in motion | Beer stocks collectively declined as the demand environment for 2024 is weak, impacting performance. The Beer Sector remains at a low valuation.
Beer stocks collectively declined; as of the time of writing, CHINA RES BEER (00291) dropped by 4.16%, priced at 23.05 HKD; BUD APAC (01876) fell by 2.77%, priced at 7.02 HKD; TSINGTAO BREW (00168) decreased by 1.02%, priced at 53.15 HKD.
Beer stocks are generally down, with CHINA RES BEER (00291) falling by 3.95%. Institutions indicate that the volume and price performance of beer will be weak in 2024.
Jinwu Financial News | Beer stocks generally declined, CHINA RES BEER (00291) fell by 3.95%, BUD APAC (01876) decreased by 2.63%, SAN MIGUEL HK (00236) dropped by 2.38%, and TSINGTAO BREW (00168) fell by 0.65%. Galaxy Securities stated that the volume and price performance of beer will be weak in 2024, but as policies continue to support Consumer spending in 2025, the Industry is expected to improve steadily, with a stable competitive landscape. In the short term, elasticity is more related to the degree of Dining prosperity, and the long-term trend of increasing proportion of non-immediate consumption will continue. It is expected that corporate profits will continue to grow steadily, capital expenditure will remain stable, and dividend ratios will be maintained.
Honk Kong stocks closed (12.31) | The Hang Seng Index rose by 0.09% to hold steady above the 20,000 mark, ending the "four consecutive declines" with a total annual increase of over 17%.
On the last trading day of the Large Cap, the three major Indexes showed a divergence in trends, with the Hang Seng Index continuing to firmly hold above the 20,000 mark, while the Hang Seng Tech Index showed weak performance.
Brokerage morning meeting highlights: It is expected that 2025 will be the first year when the Real Estate Industry truly achieves stability and long-term development.
At today's Brokerage morning meeting, CITIC SEC proposed that 2025 will be the year when the Real Estate Industry truly stabilizes and moves forward; Tianfeng stated that industry demand is expected to recover, and the Autos Sector may gradually become optimistic; China Securities Co.,Ltd. pointed out that the current valuation of the Baijiu(Chinese Liquor) Sector remains low overall, highlighting its long-term investment value.
GTJA's Consumer investment outlook for January 2025: The peak season is approaching, and improvement is expected.
It is expected that the consumption data in January will significantly improve due to a low base and the impact of the Chinese New Year being staggered. New channels and new categories resonate, accelerating innovation in Consumer.
Getting In Cheap On Tsingtao Brewery Company Limited (HKG:168) Is Unlikely
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