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.

wallstreetcnSep 6, 2023 21:30 ET

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.

ZHITONGMay 11, 2022 21:43 ET

Hong Kong shares rise 0.2% as consumer stocks gain

Hong Kong's Hang Seng Index closed 0.2% higher at 24289.90, tracking a positive performance in the U.S. ADR market overnight.

Dow Jones NewswiresJan 26, 2022 04:01 ET · Markets

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%.

格隆滙Dec 13, 2021 20:06 ET

Hong Kong stocks decline; downside looks limited

Hong Kong stocks are down in morning trade, tracking losses in the U.S. market overnight.

Dow Jones NewswiresDec 9, 2021 21:33 ET · Markets

Hong Kong shares end 0.1% higher; Consumer goods, property stocks support

Hong Kong stocks ended the session higher, extending gains from Tuesday amid upbeat sentiment driven by reserve requirement ratio cut for banks, and authorities' signaling of support for the property sector.

Dow Jones NewswiresDec 8, 2021 03:53 ET · Markets