Tsingtao Brewery Company Limited (HKG:168) Surges 3.4%; Private Companies Who Own 35% Shares Profited Along With Institutions

Key Insights Tsingtao Brewery's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public A total of 10 investors have a

Simply Wall StJul 11 18:02 ET

Alcoholic beverage concepts are rising, China Resources Beer (00291) is up 4.17%, and Zhongtai Securities predicts that beer sales may reverse.

Alcoholic beverages concept rises across the board. As of the drafting time, China Res Beer (00291) rose 4.17%, Dynasty Wines (00828) rose 3.77%, Tsingtao Brew (00168) rose 3.53%, San Miguel HK (00236) rose 3.19%. On the news front, Zhongtai Securities believes that the short-term consumption scene for beer will increase with the hosting of the European Cup in late June. Beer consumption continues to heat up, and the volume of customers in fan gathering places such as bars and taverns has greatly increased. The demand for late-night snacks by ‘stay-at-home’ fans has also driven a significant increase in beer orders in instant retail channels. With the weather

金吾財訊Jul 11 01:31 ET

Hong Kong stock market abnormality | Beer stocks rebounded in the morning, and the sector entered a low base from Q3, with multiple scenarios catalyzing on the demand side.

According to the Wisdom Finance APP, beer stocks rebounded in early trading. As of press time, China Resources Beer (00291) rose 3.61% to HKD 27.3; Tsingtao Brew (00168) rose 3.33% to HKD 49.7; and Bud APAC (01876) rose 0.73% to HKD 9.71. Founder Securities pointed out that due to the high base, weaker performance in dining, and the impact of rainy weather, we expect that beer industry Q2 sales volume will come under pressure, the trend of structural upgrading will continue, cost improvement has certainty, and overall profitability is stable. Looking forward to the whole year, we believe that starting from Q3, the entire sector will enter a low base, continuing the trend of structural upgrading.

Zhitong FinanceJul 10 23:00 ET

Tsingtao Brew (00168.HK) faced a shareholding reduction of 1.8869 million shares by JPMorgan.

According to the latest equity disclosure information from the Hong Kong Stock Exchange, on July 4, 2024, Tsingtao Brewery (00168.HK) was reduced in shareholding by JPMorgan Chase & Co. at an average price of HKD 49.0295 per share, with a total of 1.8869 million shares and an involved amount of approximately HKD 92.5121 million. After the reduction, the latest holding position of JPMorgan Chase & Co. is 45.6471 million shares, and the shareholding ratio is decreased from 7.25% to 6.96%.

Gelonghui FinanceJul 10 18:48 ET

Soochow Securities: How to view the baijiu consumption tax reform path and its impact?

Moving the collection of consumption tax to a later stage presents challenges in practical implementation. It is expected that tax reform will be gradual rather than immediate while maintaining a stable foundation, and the probability of a significant increase in tax rates is low. If the tax collection stage is moved, it is expected to further accelerate industry consolidation, and small and medium-sized liquor companies may struggle to cope with the potential profit impact caused by the moving of the tax collection stage.

Zhitong FinanceJul 9 02:09 ET

Guotou Securities: Individual stock dividend yields highlight value, and the food and beverage sector enters the allocation range.

Zhìtōng Cáijīng APP learned that Guótóu Securities has released a research report stating that Maotai's batch pricing is gradually stabilizing, leading companies are expressing their stance, and individual stock dividend yields highlight value, the sector has entered the range of allocation.

Zhitong FinanceJul 8 18:31 ET