SAN MIGUEL HK: INTERIM REPORT JANUARY TO JUNE 2024
CITIC Securities: How to look forward to the future of the csi sws food & beverage index & liquor sector in the mid-term report?
CITIC Securities released a research report stating that the Q2 light meal chain industry continues to show weak demand, with pressure on store efficiency and expansion.
San Miguel Sales Rose, But Profit Fell on Unrealized Forex Effects
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.
Beer stocks rebounded in early trading, with China Res Beer and Bud APAC both up more than 5%.
Beer stocks rebounded in early trading, with China Res Beer (00291) up 4.72% to HK$24.4; Bud APAC (01876) up 4.67% to HK$9.64; and Tsingtao Brew (00168) up 4.27% to HK$50.05.
San Miguel Brewery Hong Kong's Attributable Profit Falls
San Miguel HK (00236.HK) had a comprehensive revenue of 0.378 billion Hong Kong dollars in the first half of the year, a decrease of 9.1% year-on-year.
San Miguel HK (00236.HK) announced on July 29th that the group recorded a comprehensive profit of 38.5 million Hong Kong dollars in the first half of 2024, compared to a comprehensive profit of 50.7 million Hong Kong dollars in 2023. Therefore, the company's equity shareholders are expected to earn a profit of 37.6 million Hong Kong dollars in 2024, compared to a profit of 48.5 million Hong Kong dollars last year. The decrease in profit is due to the decrease in export volume and export profit in the southern business. The group's comprehensive revenue was 0.378 billion Hong Kong dollars, a 9.1% decrease from the same period last year. Gross profit was 0.14 billion Hong Kong dollars, a 15.4% decrease from last year, and the gross margin was gross margin.
Express News | San Miguel Brewery Hong Kong H1 Revenue HKD 378.1 Million
Express News | San Miguel Brewery Hong Kong H1 Net Income HKD 38.5 Million
SAN MIGUEL HK: ANNOUNCEMENT OF THE 2024 INTERIM RESULTS
China Logistics Stock Investment Journal|July 29th
HK Stock Investment Journal | July 29, 2024
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.
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
San Miguel HK (00236.HK) plans to hold a board of directors meeting on July 29 to approve its mid-term performance.
San Miguel HK (00236.HK) issued an announcement on July 10th, stating that the board of directors meeting will be held on July 29th, 2024 (Monday) at 2:00 pm. The board of directors will pass several proposals at the meeting, including approving the mid-term performance of the company and its subsidiaries for the six months ending on June 30th, 2024, the announcement of the above mid-term performance, and the consideration of distributing mid-term dividends (if any).
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.
Hong Kong Shengli Brewery (00236.HK) appoints Katsuhisa Nose as non-executive director
Glonghui, April 22丨Hong Kong Shengli Brewery (00236.HK) announced that Mr. Yoshinori Tsuchiya has resigned as a non-executive director of the company and a member of the nomination committee. The board of directors is also pleased to announce the appointment of Mr. Katsuhisa Nose as the company's non-executive director and the appointment of non-executive director Mr. Fumiaki Ozawa as a member of the company's nomination committee, effective from April 22, 2024.
Fangzheng Securities: There is still plenty of high-end space, and the beer sector ushered in value layout opportunities
According to Fangzheng Securities, there is still plenty of room for high-end beer and strong certainty. Currently, the beer industry's valuation is at a historically low level, ushering in value layout opportunities.
The beer industry's view on financial reporting: high-end technology continues to “fight”, but it sits on a “cold bench” in the capital market
In 2023, the beer industry continued to advance towards high-end production, and most beer companies achieved a double increase in net revenue and profit.
SAN MIGUEL HK: ANNUAL REPORT 2023
Beer stocks are strong, China Resources (00291) rose 6.19%. Institutions say the beer enterprise structure upgrade process is resilient
Jinwu Financial News | Beer stocks were strong. China Resources Brewery (00291) rose 6.19%, Budweiser Asia Pacific (01876) rose 2.72%, Hong Kong Shengli (00236) rose 2.27%, and Tsingtao Brewery (00168) rose 2.03%. According to the news, the Bank of China Securities Research Report pointed out that the trend of structural upgrading in the beer industry will not change, and attention is being paid to the release of subsequent cost dividends. The beer enterprise structure upgrade process is resilient. Driven by the two major factors of improving the competitive landscape and clearing production capacity, the structural upgrading process of beer companies may slow down in the medium term, but it will continue. Beer industry20
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