Alcoholic Beverages
- 1208.349
- +26.204+2.22%
After being included in the Hong Kong Stock Connect for three days, the market cap has increased by more than 7 billion. Can Zhenjiu Lidu welcome a valuation reconstruction?
Different markets have different pricing strategies.
Southwest Securities: the target price for China Resources Beer's (00291) "buy" rating is HK $57.18.
Southwest Securities released a research report, first given China Resources Beer (00291) "buy" rating, 2022-24 return net profit is expected to maintain a compound growth rate of 12.4%. In addition, considering the completion of the company's high-end product matrix and the continuous progress of channel reform, it is given a valuation of 35 times in 2022, corresponding to the target price of HK $57.18. The main points of Southwest Securities are as follows: recommendation logic: 1. The industry has begun its high-end transformation since 2017, and has now entered a dividend period for structural upgrading after the introduction of upfront costs. it is expected that the proportion of high-end beer sales in the industry will exceed 2% in the next three years.
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Tsing Tao Beer: Fosun Group reduced its holdings of H shares by 38 million shares on December 9.
Tsing Tao Beer announced that Fosun Group will reduce its stake in H shares of the company by 38 million shares on December 9. After this equity change, the proportion of shares held by Fosun Group will drop from 7.84% to 5.06%.
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