CHINA RES BEER News

Bank of China International: Feedback from the Spring Sugar and Wine Fair is lukewarm, and the differentiation between brands is intensifying.

The overall feedback from the spring sugar and wine fair is lackluster, and the differentiation among brands has intensified. The Sector is entering a performance verification period, with leading beverage companies performing exceptionally well; in the Leisure snacks sector, investment opportunities under the transformation of industry leaders are worth paying attention to.

Zhitong FinanceMar 26 02:00 ET

Deutsche Bank: Upgraded CHINA RES BEER's Target Price to HKD 41.9, maintaining a "Buy" rating.

Deutsche Bank released a Research Report stating that CHINA RES BEER (00291) saw a year-on-year decline of 1% in the group's revenue in the second half of last year, amounting to 14.9 billion yuan. The beer Business experienced a year-on-year decrease of 0.4% to 13.9 billion yuan, while the Baijiu(Chinese Liquor) Business fell 11% to 1 billion yuan, which was in line with expectations. The group reported a net profit of 34 million yuan in the second half, slightly lower than expected, mainly due to government subsidies being lower than anticipated. The annual dividend reached 2.5 billion yuan, indicating a payout ratio of 52% (excluding special dividends, the payout ratio for 2023 is 40%). The bank has raised the company's EBITDA forecast for the years 2025 to 2027 on average.

Sina Hong Kong StocksMar 24 06:02 ET

[Brokerage Focus] BOCOM INTL maintains Buy rating on CHINA RES BEER (00291), stating that its beer and Baijiu(Chinese Liquor) business perform better than the Industry.

Jinwu Financial News | BOCOM INTL Research Reports indicate that CHINA RES BEER (00291) expects revenue for the entire year of 2024 to remain the same year-on-year. The gross margin increases by 1.2 percentage points to 42.6%. Shareholders' profit attributable decreases by 8.7% year-on-year. The full-year dividend payout ratio reaches 52%. The business of high-end products continues to develop, significantly boosting the gross margin. The report states that the beer and Baijiu(Chinese Liquor) businesses perform better than the Industry. In the beer business, despite a slowdown overall in the high-end process of the Industry, the company's high-end beer series (priced at 10 yuan and above) shows a year-on-year sales growth of over 9%. Although beer business sales decline by 2.5%, the high-end product portfolio.

Jinwu Financial NewsMar 23 22:28 ET

Nomura Adjusts China Resources Beer (Holdings)' Price Target to HK$40.90 From HK$40.10, Keeps at Buy

MT NewswiresMar 20 05:36 ET · Ratings

Bank of America Securities: Maintains CR BLDG MAT TEC 'Buy' rating, raises Target Price to HKD 2.1.

Bank of America Securities published a Research Report stating that it maintains a "Buy" rating for CR BLDG MAT TEC (01313), with the Target Price raised from 1.8 HKD to 2.1 HKD. The firm noted that the company expects demand in the South China region to contract by 6% to 8% this year, and has accordingly lowered this year's cement sales target to an 8% year-on-year decline, to 5.7 million tons. The increase in concrete and aggregate sales will partially offset the decrease in cement sales. Taking these factors into account, the firm has raised its earnings forecast for the company from this year to 2027 by 14% to 26%. Bank of America Securities indicated that the management of CR BLDG MAT TEC expects the gross profit per ton of cement in the first two quarters of this year will significantly exceed the same period last year, affected by.

Sina Hong Kong stocksMar 20 03:38 ET

[Brokerage Focus] Guo Zheng International maintains a Buy rating on CHINA RES BEER (00291) and is Bullish on the company's development prospects, indicating that it is currently extremely undervalued.

Jingu Financial News | Guozheng International issued a Research Report stating that CHINA RES BEER (00291) is expected to achieve total revenue of 38.635 billion yuan in 2024, a year-on-year decrease of 0.8%; net income is expected to be 4.76 billion yuan, a decrease of 8.7% year-on-year, and EBIT excluding extraordinary income and expenses is expected to be 6.34 billion yuan, a year-on-year increase of 2.9%. The report mentions that in 2024, on one hand, consumer sentiment is relatively weak, especially the demand in the Dining and nightlife channels is lackluster, and on the other hand, during the peak season from July to September, the weather across the country is expected to be cooler, impacting beer consumption. Against this backdrop, overall sales volume is expected to drop by 2.5%, but sales volume above the premium category is expected to grow by 9% year-on-year.

Jingu Financial NewsMar 20 03:13 ET

Nomura: Raises the Target Price of CHINA RES BEER to HKD 40.9 and reiterates the "Buy" rating.

Nomura released a Research Report stating that under the high-end strategy, CHINA RES BEER (00291) should be able to maintain revenue and profit recovery in the fiscal year 2025, with a year-on-year increase of 6% and 13% respectively. The bank believes the worst situation may have passed, thus raising the Target Price from HKD 40.1 to HKD 40.9, with a potential upside of 36%, reaffirming the "Buy" rating. The report indicates that the group's revenue and profit for the fiscal year 2024 are expected to decrease by 1% and 8% year-on-year, to RMB 38.6 billion and RMB 4.7 billion respectively, which is 4% and 15% lower than Bloomberg's expectations, mainly due to resistance faced by the entire industry. Although the base is relatively large,

Sina Hong Kong stocksMar 19 23:45 ET

Nomura: Raises the Target Price for CHINA RES BEER (00291) to HKD 40.9, reiterates the "Buy" rating.

The bank stated that the group's Beer sales showed a significant recovery trend in the first two months of 2025.

Zhitong FinanceMar 19 22:17 ET

Despite Delivering Investors Losses of 38% Over the Past 3 Years, China Resources Beer (Holdings) (HKG:291) Has Been Growing Its Earnings

Simply Wall StMar 19 18:37 ET

Jefferies Adjusts China Resources Beer (Holdings)' Price Target to HK$39.03 From HK$34.40, Keeps at Buy

MT NewswiresMar 19 05:18 ET · Ratings

Goldman Sachs: Maintain CHINA RES BEER (00291) "Buy" rating Target Price 33.5 HKD.

The bank stated that CHINA RES BEER expects overall sales of its beer Business to grow positively this year, with the "Heineken NV Sponsored ADR" brand continuing to achieve double-digit percentage sales growth, and gross margin is expected to continue expanding.

Zhitong FinanceMar 19 02:53 ET

[Brokerage Focus] Huaxin Securities gave CHINA RES BEER (00291) an initial "Buy" rating, indicating that beer sales in the first two months of this year performed well despite a high base.

Jinwu Finance | Huaxin Securities Research Reports indicate that CHINA RES BEER (00291) is projected to have revenue of 38.635 billion yuan in 2024, a decrease of 0.76% year-on-year; Net income attributable to shareholders is estimated at 4.739 billion yuan, a year-on-year decrease of 8.03%; after excluding fixed asset impairments and one-time employee compensation relocation costs due to capacity optimization of 0.036 billion yuan (0.141 billion yuan in 2023), and government subsidies and land rights sale income of 0.266 billion yuan (0.937 billion yuan in 2023) in the second half of the year, net income attributable to shareholders is approximately 4.509 billion yuan, an increase of 3.49% year-on-year. In terms of profitability, the gross margin for the company in 2024 is 42.

Jinwu Financial NewsMar 19 02:25 ET

Hong Kong stocks movement | The gains of beer stocks widen in the afternoon; BUD APAC (01876) rises nearly 7%, and CHINA RES BEER (00291) increases by over 6%.

In the afternoon, beer stocks increased further; as of the time of this report, BUD APAC (01876) rose by 6.99% to HKD 9.79, and CHINA RES BEER (00291) rose by 6.49% to HKD 30.35.

Zhitong FinanceMar 19 01:39 ET

CHINA RES BEER (00291) increased by 6.14%. The premiumization of alcoholic beverages has led to a gross margin that reached a nearly five-year high last year. Morgan Stanley indicated that this will help with better profit growth this year.

Jinwu Financial News | CHINA RES BEER (00291) stock price rises, up 6.14% as of the time of publication, reported at 30.25 HKD, with a trading volume of 1.344 billion HKD. In terms of news, CHINA RES BEER announced that for the fiscal year ending December 31, 2024, the company's profit attributable to shareholders is 4.739 billion yuan (RMB, the same below), a year-on-year decrease of 8.03%; basic earnings per share are 1.46 yuan. A final dividend of 0.387 yuan per share is proposed, with a total annual dividend payout of 0.76 yuan. During the period, the operating income is 38.635 billion yuan, a year-on-year decrease of 0.76%; gross profit is 16.475 billion yuan, a year-on-year increase of 2.3.

Jingwu Financial NewsMar 19 01:24 ET

Hong Kong Stock Concept Tracking | In 2025, the Beer Industry will turn around from a slowdown, with leading companies benefiting from Consumer recovery (including concept stocks).

The CHINA RES BEER Earnings Reports show that in the first two months of 2025, beer sales achieved single-digit growth year-on-year, while Heineken NV Sponsored ADR Business maintained double-digit growth.

Zhitong FinanceMar 18 22:35 ET

CHINARES PHARMA: In 2024, the net income attributable to shareholders of China Resources Boya Bio-pharmaceutical Group is 0.397 billion yuan, an increase of 67.18% year-on-year.

CHINARES PHARMA (03320) announced that China Resources Boya Bio-pharmaceutical Group achieved a total operating income of 1.735 billion yuan for the year ending December 31, 2024, a year-on-year decrease of 34.58%; the Net income attributable to shareholders of the listed company was 0.397 billion yuan, a year-on-year increase of 67.18%; basic earnings per share were 0.79 yuan, and a cash dividend of 1.60 yuan (after tax) per 10 shares is proposed to be distributed to all shareholders of China Resources Boya Bio-pharmaceutical Group.

Sina Hong Kong StocksMar 18 20:42 ET

CHINA RES BEER's revenue for 2024 is 38.635 billion, a summary increase of 35%.

On March 18, CHINA RES BEER (Holdings) Company Limited released its 2024 annual report. In 2024, CHINA RES BEER's revenue reached 38.635 billion yuan, with a gross margin rising by 1.2 percentage points year-on-year to 42.6%, marking a five-year high. In terms of the Baijiu Sector, for the entire year of 2024, the Baijiu Business under CHINA RES BEER (i.e., Jinsha Liquor Industry) achieved revenue of 2.149 billion yuan, a year-on-year increase of 4%; the gross margin increased by 5.6 percentage points to 68.5%; sales of high-end L products grew by 35% compared to the same period last year, contributing to over 70% of the Baijiu Business's operating revenue. (Zhang Ao)

Sina TechnologyMar 18 04:17 ET

CHINA RES BEER (00291) will distribute a final dividend of 0.387 yuan per share on July 4.

CHINA RES BEER (00291) announced that the company will distribute a final dividend of 0.3 per share on July 4, 2025...

Zhitong FinanceMar 18 00:42 ET

China Resources Beer 2024 Net Fell on Lower Sales

WSJMar 18 00:36 ET

CHINA RES BEER (00291) announced its annual performance, with a profit attributable to Shareholders of 4.739 billion yuan, a decrease of 8.03% year-on-year. Sales of high-end beer are now ranked among the top in the Industry.

CHINA RES BEER (00291) announced that the group's revenue is 38.635 billion yuan, a year-on-year decrease of 0.76...

Zhitong FinanceMar 18 00:12 ET