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Hong Kong Shares 0.9% Lower, Tracking Wall Street's Declines -- Market Talk
China Res Beer (00291.HK) plans to hold a board of directors meeting on August 19th to review its mid-year performance.
China Res Beer (00291.HK) announced that the board of directors meeting will be held on August 19, 2024 (Monday) at room 2301/2310, 23/F, China Resources Building, 26 Harbour Road, Wan Chai, Hong Kong, to consider and approve (if applicable) the interim performance of the company and its subsidiaries for the six months ending June 30, 2024, as well as to consider and approve (if applicable) the announcement of interim dividends.
DATE OF BOARD MEETING
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.
Haitong Sec's Q2 24 fund Hong Kong stock position analysis: increased positions in internet plus-related stocks and reduced positions in high dividend stocks.
In the second quarter of 24, public funds adjusted their investment strategies in the Hong Kong stock market, reducing their holdings in high dividend-paying sectors, especially in the energy and materials sectors with large gains in the previous period, while increasing their holdings in technology and financial real estate sectors, and reducing their holdings in pharmaceuticals, manufacturing, and the Csi Sws Food & Beverage Index sector.
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.
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