No Data
[Hong Kong Stock Connect] CHINA RES BEER (00291) rose nearly 3% as Institutions expect the company's beer sales growth to turn positive by 2025.
Jinwu Finance | CHINA RES BEER (00291) rose in the morning, breaking through the 20-day moving average. As of the time of publication, it is up 2.78%, priced at 24 Hong Kong dollars, with a transaction volume of 27.548 million Hong Kong dollars. Huaxing Securities previously mentioned in the Research Reports that consumer activities in the ready-to-drink channel are expected to recover by 2025, driving improvements in the product structure of the beer Industry. The firm also anticipates that China's Consumer Price Index (CPI) in 2025 will rise compared to 2024. Therefore, it predicts that the unit price growth of CHINA RES BEER in 2025 will accelerate from 2.0% in 2024 to 2.2%. Additionally, the firm expects the beer production of CHINA RES BEER.
[Brokerage Focus] Morgan Stanley: Demand expectations in China's Dining channel are relatively low before the Spring Festival, with differentiated performance across various categories.
Jinwu Financial News | Morgan Stanley recently conducted research on Dealers in northern, eastern, and southern China to understand sales trends before the Spring Festival and goals for 2025. It was found that there are significant differences in market performance across categories, with generally low demand expectations. In terms of Baijiu(Chinese Liquor), the start has been rather weak. Some Dealers of Moutai reported a decline in demand before the Spring Festival of 2025, and non-Flying Moutai series products are facing pricing pressure. However, Flying Moutai remains relatively strong, with differing goals among Dealers in various regions for 2025. For example, a Dealer in the north expects the target for Flying Moutai to remain flat, with double-digit growth for series products. Wuliangye Yibin's target for 2025 is 1.
Guojun's outlook for the food and beverage Industry in 2025: The industry is expected to see steady volume and price increases, with declining costs and rising profit margins.
It is expected that the Beer Industry sales will have a neutral outlook in 2025, the industry structure upgrade will continue, costs will keep declining, expenses will be stable, and the mid-term dividend rate is expected to increase.
GTJA: The Beer Industry is expected to stabilize in volume and price, with decreasing costs and improved profit margins.
Based on recent market research and calculations, the sales outlook for the Beer Industry in 2025 is neutral, the industry structure upgrade will continue, costs are expected to decline, expenditures will be stable, and mid-term dividend rates are likely to increase.
CICC: Maintain the rating of CHINA RES BEER (00291) as "outperform Industry" with a Target Price of 32.4 HKD.
CICC expects that CHINA RES BEER's revenue and profit will decline by a low single-digit year-on-year in 2024.
Getting In Cheap On China Resources Beer (Holdings) Company Limited (HKG:291) Is Unlikely
