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After HSBC, Interactive Brokers, and Standard Chartered, southern funds are also rushing to buy China Resources Beverage (02460).
This second-largest holder of the bottled water Industry in China, the Yi Ba brand, is becoming a new battleground for southern capital and foreign investment.
[Brokerage Focus] Jianyin International has given China Resources Beverage (02460) an initial rating of "Outperform the Market" and expects it to continue focusing on the packaged drinking water Business.
Jinwu Financial News | Jianyin International's Research Report indicates that China Resources Beverage (02460) is already the second largest packaged drinking water brand in China, with a market share of 18.4%; however, due to its main market being concentrated in southern and eastern China, the company still has ample room for growth. The bank expects China Resources Beverage to continue focusing on the packaged drinking water Business and seize every opportunity to increase sales, specifically through the following methods: (1) implementing a nationwide expansion Global Strategy, with a focus on increasing market exposure in provinces that are currently underserved; (2) expanding the coverage of sales points; (3) penetrating third-tier emerging cities. The bank believes that these strategies will
China Bank International: Assigning a "Buy" rating to China Resources Beverages (02460) with a Target Price of 18.22 Hong Kong dollars.
The bank believes that China Resources Beverage's inclusion in the Hong Kong Stock Connect stocks list is expected to further help the company reach a more diversified group of investors.
Hong Kong stock movement | China Resources Beverage (02460) rises over 6% as the company is included in the Hong Kong Stock Connect, with a promising diversified beverage development outlook.
China Resources Beverage (02460) rose over 6%, as of the time of writing, up 6.4%, priced at 14.84 Hong Kong dollars, with a transaction amount of 0.125 billion Hong Kong dollars.
Domestic demand stocks are rising broadly as the government's work report draws attention to measures to expand domestic demand. China has doubled its support for the replacement of consumer goods.
Jinwu Financial News | Domestic demand stocks generally showed an upward trend today. TINGYI (00322) rose 2.63%, reporting HKD 12.48; NONGFU SPRING (09633) stock price increased by 2.42%, to HKD 36.05; China Resources Beverage (02460) was up 1.31%, reporting HKD 13.9. In the field of domestic consumption stocks, Shenzhou International Group Holdings Limited Unsponsored ADR (02313) rose 1.64%, to HKD 58.9; LI NING (02331) increased by 1.18%, reporting HKD 17.2; ANTA SPORTS (02020) rose 0.17%, reporting HKD 90.45; XTEP INT'L (01
China Resources Beverage (02460.HK) will hold a Board of Directors meeting on March 21 to approve the annual performance.
Gelonghui, February 28: China Resources Beverage (02460.HK) announced that the Board of Directors will hold a meeting on March 21, 2025, to consider and approve the consolidated annual performance of the company and its subsidiaries for the year ended December 31, 2024, and its publication, as well as to consider the recommendation for the distribution of a final dividend, if any.
