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Trending Industry Today: TONGCHENGTRAVEL Leads Gains In Holidays Stocks
China Resources Beer (Holdings) Company Limited's (HKG:291) Shares Climb 28% But Its Business Is Yet to Catch Up
An analysis of the 9.24 policy big gift package, super-expected policies may become the cornerstone of laying the turning point.
King's Wealth News | After the Federal Reserve entered a rate-cutting cycle, the market has expectations for the opening up of China's interest rate space and policy space. However, many participants may not have anticipated that the government's policy combination would come so suddenly, providing a huge boost to the stock markets in Hong Kong and mainland China. On September 24, the State Council held a press conference and introduced a series of financial support policies to support the high-quality development of the economy, including a reduction in mortgage rates for existing homes, a 50 basis point comprehensive reserve requirement ratio cut, two innovative capital market support tools, a total of 800 billion yuan in market liquidity supplementation, and related provisions regarding the stabilization fund.
Trending Industry Today: HAIDILAO Leads Gains In Holidays Stocks
Hong Kong stocks anomaly | Beer stocks continue to rebound in August, with a narrowing month-on-month decline in beer production. Sales volume is expected to improve in the second half of the year.
Beer stocks continued to rebound. As of the time of publication, China Res Beer (00291) rose 7.69% to HK$25.9; Tsingtao Brew (00168) rose 6.28% to HK$45.7; Bud APAC (01876) rose 4.85% to HK$8.43.
[Hong Kong stocks] China Resources Beer (00291) rose 3.85%. Institutions believe that beer business revenue is steadily increasing, and long-term development is worth looking forward to.
Kin Wu News | China Resources Beer (00291) is showing strong volatility. As of the time of publication, it has increased by 3.85%, reaching HKD 24.25, with a turnover of HKD 0.149 billion. On the news front, Southwest Securities issued a research report, stating that in terms of the beer business, in the second half of the year, with the low base effect becoming more prominent and the company actively controlling costs, the beer business income is expected to steadily increase. In terms of products, the company will continue to develop and promote Heineken, Pure Draft, and SuperX, the three main traditional advantage brands. Among them, with an expanding coverage and increasing repurchase rate, the Heineken brand is expected to maintain rapid growth. As for the Baijiu segment, in the second half of the year, the company will continue to adjust the mainstream liquor priced at around 100 yuan and the light
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