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Tianfeng Securities: Liquor companies are actively preparing for the third quarter and focusing on Q2 sector performance.
Currently, the fundamentals of the baijiu sector are still good, and we are bullish on the short-term sector's rebound opportunities.
Stunted Sales Growth in China Likely to Weigh on Budweiser APAC -- Market Talk
[Special guest expert] Guo Jiayao: Hong Kong stock valuation is low, and the adjustment of the market is expected to be slightly lighter than that outside the region.
Jingu Finance News | US stocks plummeted sharply on Monday, and the appreciation of the Japanese yen led to an increase in market risk aversion. Investors closed their positions and left to take profits. All three major indices recorded significant declines at the close. The US dollar trended downwards, and the 10-year US Treasury yield fell to 3.77%, while gold and oil prices fell first and stablized later. Hong Kong stocks are generally stable, and the market is expected to open gently. The mainland stock market fell yesterday, with the Shanghai Composite Index opening low and closing 1.5% lower, falling below the 2,900 point mark. The trading volume of the Shanghai and Shenzhen stock markets has also increased. Hong Kong stocks followed the external downturn, and the index fell to a low of 16,400 points at one point. The RMB has significantly strengthened, driving.
Revenue Miss: Budweiser Brewing Company APAC Limited Fell 6.0% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models
With the combined effect of the Olympics, many areas have issued high temperature warnings. Beer stocks are showing strong momentum, with Bud APAC (01876) up 3.21%.
Jingu Caixun | Olympic effect combined with high-temperature warnings issued in many places, beer stocks show strong momentum, Bud APAC (01876) rose 3.21%, China Res Beer (00291) rose 3.11%, Tsingtao Brew (00168) rose 3.07%. Jia Xiaolong, deputy director of the National Climate Center, said that according to forecasts, temperatures in most parts of China will be higher than usual in August. In early to mid-August, there will be two obvious heat waves in China. The high temperatures will ease in late August.
Haitong Int'l: Maintains a "neutral" rating on Bud Apac (01876) with a target price of HKD 10.1.
Haitong Int'l expects that Bud APAC (01876) will continue to see cost improvement in the second half of the year, and the high-end orientation will continue to reduce cost per hundred liters, leading to improved gross margin for the whole year, while maintaining a stable expense ratio.
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