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Is China Resources Beer (Holdings) Company Limited's (HKG:291) Recent Stock Performance Tethered To Its Strong Fundamentals?
Hong Kong stocks are moving abnormally | Beer stocks are fluctuating and rising, the industry will enter a low base period, sales and profit growth rates are expected to gradually improve.
Beer stocks are fluctuating and rising. As of the time of publishing, China Res Beer (00291) rose by 7.98%, to 33.15 Hong Kong dollars; Bud APAC (01876) rose by 3.41%, to 9.39 Hong Kong dollars; Tsingtao Brew (00168) rose by 2.09%, to 58.5 Hong Kong dollars.
Boosting the heat with top sports events, the non-alcoholic beer global market is smoothly advancing.
Millennials play a leading role in driving the growth of non-alcoholic consumer consumption, and this role continues to strengthen.
Furui: Upgraded Conch Cement and CR Building Materials to a 'buy' rating, raising the target price of Chinese cement stocks.
Furui released a research report stating that the target price of Chinese cement stocks has been raised. Conch Cement (00914) target price increased from 15 Hong Kong dollars to 30 Hong Kong dollars, and China Resources Building Materials (01313) target price increased from 0.94 Hong Kong dollars to 2.47 Hong Kong dollars, with both stocks' ratings upgraded to 'buy'. China National Building Material (03323) target price also increased from 4.01 Hong Kong dollars to 6.04 Hong Kong dollars, maintaining a 'buy' rating. The bank pointed out that the stimulus measures announced in the mainland at the end of last month were surprising. The bank believes that this round of quantitative easing is sustainable and will help reverse the demand. Most commodities are in good destocking before the peak season arrives.
Trending Industry Today: JIUMAOJIU Leads Losses In Holidays Stocks
Trending Industry Today: MEITUAN-W Leads Gains In Holidays Stocks
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