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San Miguel Brewery to Swing to 2024 Loss
Debon Securities: Policies emphasize boosting Consumer and focus on the subsequent demand recovery.
The bank recommends focusing on leading companies in sectors that have strong control over upstream and downstream supply chains, channels, and products amid fundamental changes, as well as sectors where year-round profits are likely to exceed expectations due to cost advantages.
SAN MIGUEL HK (00236.HK) issues a profit warning: expects to record a consolidated net loss in 2024.
On February 14, Gelonghui announced that SAN MIGUEL HK (00236.HK) expects to record a consolidated net loss for the group for the year ending December 31, 2024, compared to a net profit recorded in the same period of 2023. The Board of Directors believes the expected net loss is entirely due to non-cash impairment losses of the group's non-current Assets.
Express News | San Miguel Brewery Hong Kong Ltd Sees CONSOL Net Loss for Year
SAN MIGUEL HK: PROFIT WARNING
CITIC SEC: It is expected that the raw material costs for Beer will remain relatively stable in 2025. Bullish on the performance of liquor companies stabilizing and growing.
It is expected that the overall cost of Beer will remain stable in 2025, with a slight increase in the profitability of brewing companies anticipated. Bullish about the continued stimulus from consumer policies and the recovery of Dining scenarios, the performance of brewing companies is expected to stabilize and grow in 2025.
