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INTERIM REPORT 2024
China Res Beer (00291) fell 34.20%, now at 23.150 yuan, hitting a 52-week low.
As of 11:48, China Resources Beer (00291) fell 34.20% from the previous closing price, now trading at HKD 23.150, hitting a new 52-week low; with a trading volume of 5.7243 million shares and a turnover of HKD 133.6818 million.
CITIC Securities: Beer demand under pressure due to multiple factors. Industry upgrading continues but slows down. Sector performance diverges.
CICC believes that although the beer industry may continue to slow down due to the impact of the consumption environment and face pressure on sales, the direction of structural upgrades still has certainty.
Beer stocks are strong, China Resources Beer (00291) rose 3.94%, institutions indicated that national hot weather since July has driven increased demand.
Golden Finance News | Beer stocks strengthen, China Resources Beer (00291) up 3.94%, Tsingtao Brewery (00168) up 1.04%, Bud APAC (01876) follows suit. Dongguan Securities research report pointed out that the performance of the beer industry is divergent in the second quarter. In the short term, since July this year, the national high temperature weather has driven an increase in beer demand, coupled with the hosting of large-scale sports events, sales in the third quarter are expected to improve compared to the previous quarter. In terms of costs, the anti-dumping policy of Australian barley is expected to be lifted, which is expected to alleviate the cost pressure on liquor companies. In the medium to long term, the high-end trend of the beer industry remains unchanged. On the one hand, against the background of improved consumer spending levels
Hong Kong stocks rose more than 5%: China Resources Beer (00291) sales pressure in the first half of the year, institutions said that the base pressure is expected to ease in the second half of the year.
China Res Beer (00291) is up over 5%, as of press time, up 4.81% at HKD 23.95, with a turnover of HKD 0.15 billion.
Here's Why China Resources Beer (Holdings) (HKG:291) Can Manage Its Debt Responsibly
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