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Public Companies Are Chongqing Brewery Co., Ltd.'s (SHSE:600132) Biggest Owners and Were Hit After Market Cap Dropped CN¥3.6b
Investors in Chongqing Brewery (SHSE:600132) Have Unfortunately Lost 55% Over the Last Three Years
UBS group: Maintains buy rating on China Res Beer, while lowering the target price to 29.43 Hong Kong dollars.
UBS released a research report stating that it has lowered the target price for China Resources Beer (00291) from HKD 43.7 to HKD 29.43. This is valued based on the discounted cash flow rate, which is equivalent to 9.5 times the enterprise value to EBITDA this year. The rating remains 'buy'. The bank mentioned that it has lowered the profit forecast for the company from 11% to 18% for the period of this year to 2026, reflecting a downward adjustment in the average selling price and sales volume forecast for beer. This is due to a decrease in in-store beer consumption by consumers, which has slowed down the growth of high-end product sales. Additionally, the forecast for the company's EBITDA compound annual growth rate for the period of this year to 2026 has been lowered from 12.4% to 8.8%.
Chongqing Brewery Co., Ltd. (SHSE:600132) Just Released Its Half-Year Results And Analysts Are Updating Their Estimates
Chongqing Brewery (600132.SH): As of the first half of 2024, the company's canning rate is approximately 25%.
Chongqing Brewery (600132.SH) stated on the investor interaction platform on August 15th that the company's canning rate is about 25% as of the first half of 2024.
Chongqing Brewery H1 Profit, Operating Income Up 4%
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