00291 CHINA RES BEER
- 25.100
- -0.600-2.33%
CHINA RES BEER News
GTJA: The Beer Industry has entered an era of high dividends, which may present strong and certain investment opportunities.
In the medium to long term, the economic situation is expected to marginally improve, with ongoing structural upgrades and category expansions. Leading Beer companies may expand their categories, and the contribution ratio of Other business lines such as beverages and Spirits will gradually increase.
The CSI Consumer 360 index sector is under pressure as MENGNIU DAIRY (02319) falls by 4.59%. Institutions indicate that there is a lag in policy transmission, and the sustainability of consumer recovery remains to be observed.
Jinwu Financial News | The CSI Consumer 360 index Sector is generally under pressure, as of the time of writing, MENGNIU DAIRY (02319) has fallen by 4.59%, CHINA RES BEER (00291) has dropped by 4.13%, NONGFU SPRING (09633) has decreased by 3.31%, and HAIDILAO (06862) has declined by 3.41%. On the news front, Guoyuan International released a Research Report indicating that the consumption market will be weak in 2024, putting pressure on the Sector's fundamentals. After a brief rebound following the government's comprehensive policy rollout at the end of September, the market has retreated. Year-to-date, the Hang Seng Select Consumer Sector has fallen by 13.39%, underperforming the Large Cap; the Hong Kong Stock Shenwan Food & Beverage Index has seen a cumulative decline of 3.7.
CHINA RES BEER (00291.HK) has signed a property management and commercial Operation service agreement with CHINA RES MIXC.
On December 12, Gelonghui reported that CHINA RES BEER (00291.HK) announced that on December 12, 2024, the company signed a framework agreement for property management and commercial operation services with CHINA RES MIXC. According to this agreement, CHINA RES MIXC Group will provide property management services and other commercial operation services to the group from January 1, 2025, to December 31, 2027 (including both start and end dates).
Hong Kong stocks closed (December 11) | The Hang Seng Index rose by 1.2%, with the Consumer direction fully exploding, and the CSI SWS Food & Beverage index and Dining sectors leading the gains.
After the Hong Kong stock market opened, it maintained a fluctuating trend, with all three major Indexes rising significantly before noon, and the increase narrowed slightly at the end of trading.
[Brokerage Focus] Guoyuan International pointed out that there is a lag in the transmission of policies to boost Consumer confidence, and the sustainability of the Consumer recovery remains to be observed.
Jingwu Financial News | Guoyuan International Research Reports indicate that the consumer market will remain sluggish in 2024, and the fundamentals of the Sector are generally under pressure. After a brief rebound following the government's package policies announced at the end of September, the market fell back. From the beginning of the year to now, the Hang Seng Consumer Sector has fallen by 13.39%, underperforming the Large Cap; the Hong Kong Shenwan CSI SWS Food & Beverage index has seen a cumulative decline of 3.79%, ranking 27th out of 31 first-level Shenwan Industries. Looking at the sub-sectors, from the beginning of the year to now, flavoring and fermentation products, baked goods, soft drinks, snacks, and meat products have achieved positive growth, while Other sub-sectors performed poorly. The report also indicates that on December 9, the Central Politburo will meet to analyze and study.
Mastermind Hong Kong Stock Short Selling Statistics | December 9th
Hong Kong stock short-selling statistics | December 9.
Hong Kong stocks movement | Beer stocks rebounded today as full-year performance expectations are basically in place. Institutions say that the industry's valuation is at a historical low.
Beer stocks have warmed up today. As of the time of writing, Tsingtao brew (00168) is up 3.92%, at 50.35 HK dollars; China res beer (00291) is up 1.95%, at 26.2 HK dollars; Bud apac (01876) is up 1.36%, at 7.45 HK dollars.
China Resources Beer (Holdings)'s (HKG:291) Returns Have Hit A Wall
[Brokerage Focus] Bocom Intl cuts China Res Beer (00291) target price by 15.1%, citing overall weak performance in the dining market this year.
Jinwu Financial News | Bocom Intl stated that the dining channel is an important channel for beer sales (over 40%), but the overall performance of the dining market has been relatively weak this year. The challenging beer consumption environment and changing weather have also negatively impacted the beer market. China res beer (00291) has performed better than the industry, and the high-end process is still ongoing. Management stated that the company will continue to promote high-end, differentiated, and regional products. At the same time, the company will innovate in new product development, consumer channels and scenarios expansion, and marketing models. Due to short-term industry pressure, the bank has lowered its financial estimates and target price, but remains bullish on the company.
Hong Kong stock movement | Beer stocks decline in the afternoon. In October, the beer production of large-scale enterprises has once again turned to decline. Policies are expected to stimulate improvement in end demand.
Beer stocks fell in the afternoon. As of the time of reporting, china res beer (00291) dropped by 4.1%, priced at 25.75 HKD; bud apac (01876) decreased by 2.12%, priced at 7.37 HKD; tsingtao brew (00168) fell by 1.62%, priced at 48.5 HKD.
Hong Kong stocks anomaly | Most consumer stocks rise Helen of Troy (09869) up more than 7% China Feihe (06186) up nearly 6%
Most csi consumer 360 index stocks rose. As of the time of writing, Helen's (09869) rose 7.38%, at 2.62 HKD; china feihe (06186) rose 5.78%, at 5.67 HKD; zjld (06979) rose 5.55%, at 7.04 HKD.
China Resources Beer Updates Board Leadership
China Resources Beer Appoints New Non-Executive Director
China Resources Beer: Wang Chengwei Appointed as Nonexecutive Director
2.1% Earnings Growth Over 3 Years Has Not Materialized Into Gains for China Resources Beer (Holdings) (HKG:291) Shareholders Over That Period
CICC: Maintains a "outperform" rating on China Res Beer (00291) with the target price lowered to 35.9 Hong Kong dollars.
Jianyin International has lowered its beer sales volume and average product price forecast for the second half of Lukang Beer from a decline of 2.2% and growth of 2.4% to a decline of 2.9% and growth of 2.1%.
HK stock anomaly | China Res Beer (00291) fell nearly 5%, institutions expect weaker sales in the second half of the year than expected, lowering profit forecasts and target price.
China Res Beer (00291) fell nearly 5%, as of the time of publication, it dropped by 4.94%, closing at 29.85 Hong Kong dollars, with a turnover of 0.323 billion Hong Kong dollars.
HK stock abnormal movement | Liquor stocks decline in early trading, baijiu continues to be under pressure, beer sales decline, institutions say policy impact on consumer spending still needs to be observed
Alcohol stocks fell in the morning session, as of the deadline, China Res Beer (00291) fell by 6.37%, to 29.4 Hong Kong dollars; Tsingtao Brew (00168) fell by 5.14%, to 51.7 Hong Kong dollars; Bud APAC (01876) fell by 3.58%, to 8.35 Hong Kong dollars; ZJLD (06979) fell by 3.87%, to 7.45 Hong Kong dollars.
[Brokerage Focus] Haitong Int'l cuts target price of China Res Beer (00291) by 14.29% as industry demand continues to be under pressure in the second and third quarters of this year.
Jingu Information | Haitong International issued research reports, stating that China Res Beer (00291) achieved revenue/net income of 23.74/4.7 billion yuan in 24H1, -0.5%/+1.2% year-on-year. Due to the negative impact of a high base and weather, the beer business generated revenue of 22.57 billion yuan, down 1.4% year-on-year, with sales volume/ton price down 3.4%/+2.0% year-on-year, both showing better performance than the industry average. Benefiting from the improvement of product structure and some packaging cost reductions, the beer business gross margin increased by 0.6 percentage points to 45.8%. As for baijiu, after refreshing the abstract and stabilizing prices through reducing inventory and reshaping the organization.
Daiwa: Downgrade tsingtao brew to "hold" rating, target price lowered to 52.6 Hong Kong dollars.
Daiwa has released a research report stating that the rating of Tsingtao Brewery (00168) has been downgraded from "buy" to "hold", and the H-share target price has been lowered by 24%, from HK$69 to HK$52.6. Due to weak consumer willingness in China and increasingly fierce competition in the mid-to-high-end beer market, although Tsingtao Brewery has made investments in sales and marketing, Daiwa believes that Tsingtao Brewery's high-end process in 2025 will slow down, leading to a slowdown in operating profit margin expansion. Daiwa stated that due to the strong performance of the Tsingtao Brewery brand, it is predicted that sales volume and average selling price will both increase by 1% in 2025. Daiwa has also revised the group's 202
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