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.

金吾財訊Jul 17 21:43 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

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).

Gelonghui FinanceJul 10 05:29 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

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.

Gelonghui FinanceApr 22 08:18 ET

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.

Zhitong FinanceApr 11 19:13 ET