Alcoholic Beverages
- 1173.678
- +8.654+0.74%
Boosting the heat with top sports events, the non-alcoholic beer global market is smoothly advancing.
Millennials play a leading role in driving the growth of non-alcoholic consumer consumption, and this role continues to strengthen.
Chairman Hou Xiaohai of China Res Beer's board of directors: It is expected that the beer sales volume for the whole year will continue to experience a single-digit negative growth. | Live coverage of the earnings conference
In H1 2024, China Res Beer's revenue slightly decreased by 0.5%, and net income increased 1.2%. The company claims that this is in line with its expectations. Chairman of the Board of Directors of China Res Beer, Hou Xiaohai, believes that it is unlikely that the annual beer sales growth rate will return to normal this year. Hou Xiaohai stated that even if the rumors of salary reductions become true, it will only affect a very small number of people, and the impact on the company's management team is only relative to 0.01% level.
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.
Hong Kong shares rise 0.2% as consumer stocks gain
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%.
Hong Kong stocks decline; downside looks limited
Hong Kong shares end 0.1% higher; Consumer goods, property stocks support
CICC Refreshes Offshore CN Top Picks, Adding MENGNIU, KUAISHOU, GWM, CR BEER etc.
Hong Kong stocks end lower for third straight day
Tontine Wines Signs Strategic Deal for Product Distribution Expansion
Hong Kong: Stocks rise 0.6%; tech, consumer stocks lead gains
Tsingtao Brewery's Profit Rises 6% in Q3; Shares Rally 10% in Shanghai
Budweiser Brewing APAC's Q3 Profit Jumps on Double-Digit Growth of Premium Brands in India, South Korea
Market Chatter: Budweiser to Invest on Green Projects as Premium Segment Expansion Pushes Ahead
Hong Kong shares rise 1.1%, tracking Wall Street
Tsingtao Brewery to Buyback, Cancel Restricted Shares Granted to Former Employees
Budweiser's China Sales Likely to Fall in 3Q -- Market Talk
Shanghai Closing Stock Prices
HKD913.6M Southbound Trading Net Inflow to TENCENT