Nomura: Maintains 'shareholding' rating for china res beer, target price raised to 34 Hong Kong dollars.

CMB released a research report stating that it has lowered China Res Beer (00291) earnings forecast for 2024 to 2026 by 2% to 5%. The bank has raised the baijiu target price from 32 Hong Kong dollars to 34 Hong Kong dollars, with a 'shareholding' rating. The bank lowered the group's sales forecast for this year by 3% to reflect weak beer demand and reduced baijiu sales forecasts, while sales in 2025 and 2026 are expected to drop by 6% on a lower base. Due to weak sales in the mid-to-high-end business, the bank assumed a decrease of 0.5, 1.1, and 1.3 percentage points in the gross margin for each of the years 2024 to 2026, but still expects profit expansion. This is likely to be anticipated in the operating results.

新浪港股Oct 31 04:34 ET

Currently entering the off-season for beer consumption, beer stocks are under pressure. Tsingtao Brew (00168) fell by 5.39%.

King Wealth News | Currently entering the off-season for beer consumption, beer stocks are under pressure, Tsingtao Brewery (00168) down by 5.39%, China Resources Beer (00291) down by 2.27%, Bud APAC (01876) down by 1.29%. Donghai Securities stated that based on the third-quarter reports of some beer companies, Q3 revenue is under pressure, and profit elasticity is showing. Mainly due to the continued weakness in Q3 dining consumption, with reduced frequency of current dining consumption. The bank pointed out that during the off-season of beer consumption, it is important to pay attention to the inventory structure of each beer company.

Golden Guard Financial NewsOct 29 02:30 ET

Goldman Sachs: Maintains a "buy" rating on China Resources Beer (00291) with a target price of 38.1 Hong Kong dollars.

China Res Beer management expects future capital spending to decrease and is committed to gradually increasing the dividend payout ratio to 60%-70% in the coming years.

Zhitong FinanceOct 29 01:37 ET

China Resources Beer (Holdings) Company Limited (HKG:291) Stock Most Popular Amongst Private Companies Who Own 52%, While Individual Investors Hold 31%

Simply Wall StOct 28 18:10 ET

[Brokerage Focus] Guosheng Securities initiates a 'buy' rating on China Res Beer (00291), indicating that the company will be the first to benefit from the sector's recovery.

Jingu Financial News | Guosheng Securities issued research reports, stating that China Resources Beer (00291), in terms of brand, in 2020, officially teamed up with Heineken to create a "4+4" high-end brand matrix of "Chinese brand + international brand", accurately targeting different consumer groups. In 2023, officially entered the baijiu industry, with baijiu and beer complementing each other, and the brand strength is expected to further improve. In terms of products, covering all price ranges, four major international brands support four major domestic brands, committed to high-end refinement. Under the large single product strategy, the classic large single product Snowflake Pure Draft, combined with the youthful large single product Heineken, and the adventurous SuperX, continuously exerting efforts. In terms of channels,

Kinwu Financial NewsOct 28 03:27 ET

Guolian: Under weak recovery, baijiu brands continue to differentiate, while beer cost dividends continue to be realized.

Under weak recovery, differentiation of baijiu brands continues, leading to increased concentration among the top players; volume is slightly under pressure, while beer continues to realize cost benefits.

Zhitong FinanceOct 16 01:40 ET