Buy Rating for Tsingtao Brewery Co. on Anticipated Sales Recovery and Margin Expansion
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.
Tsingtao Brewery's 2H Sales Volume Could Recover Slightly -- Market Talk
China Merchants Securities: Baijiu performs steadily, weak recovery in food demand.
China Merchants Securities reiterates its focus on leading stocks and seeks out individual stocks that have been mistakenly killed by top-down logic.
Analysts Conflicted on These Consumer Goods Names: Tsingtao Brewery Co (OtherTSGTF) and Coles Group Ltd. (OtherCLEGF)
Buy Rating on Tsingtao Brewery Co.: Strong Brand Leverage and Premiumization Strategy Signal Growth
Earnings Release: Here's Why Analysts Cut Their Tsingtao Brewery Company Limited (HKG:168) Price Target To HK$66.39
Macquarie: Raises tsingtao brewery's target price to 62.5 Hong Kong dollars, upgraded to 'Outperform'.
Morgan Stanley's research report pointed out that Tsingtao Brewery is facing unfavorable factors such as deleveraging in sales, but its gross margin increased by 2.7 percentage points to 42.8% in the second quarter compared to the previous year. The company still exercises cautious expense control and the operating profit margin increased by 2.4 percentage points. Despite facing adverse weather conditions and pressure from a high base, the net profit in the second quarter increased by 3.5% year-on-year, outperforming its peers and demonstrating strong operational efficiency. Due to the beer factory scandal in October last year, which brought the company into a low base, it is believed that the company's performance in the second half of the year will improve. Morgan Stanley has lowered its net income forecast for Tsingtao Brewery in 2024 by 2.5% due to strong cost benefits.
Tsingtao Brewery Earnings Could Rise as Beer Sales Grow -- Market Talk
Tsingtao Brewery Target Price Lowered to HK$60.00 From HK$65.00 by China Galaxy International >0168.HK
Jefferies Adjusts Tsingtao Brewery's Price Target to HK$70 From HK$78, Keeps at Buy
Tsingtao Brewery: Buy Rating Affirmed Amidst Strong Earnings and Strategic Growth Potential
Tsingtao Brewery's H1 Attributable Profit Jumps Despite Lower Revenue; Hong Kong Shares Rise 3%
Hong Kong stock market movements | Tsingtao Brew (00168) once rose by more than 5%, continuous realization of cost reduction, second-quarter profitabilty improvement continues.
Tsingtao Brew (00168) rose more than 5% in the afternoon, after falling 2.51% in the early morning. As of the time of publication, it has risen by 3.76% to 45.5 Hong Kong dollars, with a turnover of 0.308 billion Hong Kong dollars.
Tsingtao Brewery Reports Strong 2024 Interim Results
Tsingtao Brewery: Board Decides Not to Distribute Interim Dividends for 1H >0168.HK
Tsingtao Brewery: Sluggish Recovery in Domestic Beer Consumption Weighed on Revenue >0168.HK
Tsingtao Brewery 1H Net CNY3.64B Vs. Net CNY3.43B >0168.HK
TSINGTAO BREW: ANNOUNCEMENT ON 2024 INTERIM RESULTS
Full text of the 2024 semi-annual report of Tsingtao Brewery Co., Ltd.
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