CICC: Maintains a "outperform" rating on China Res Beer (00291) with the target price lowered to 35.9 Hong Kong dollars.

Jianyin International has lowered its beer sales volume and average product price forecast for the second half of Lukang Beer from a decline of 2.2% and growth of 2.4% to a decline of 2.9% and growth of 2.1%.

Zhitong FinanceNov 11 01:56 ET

HK stock anomaly | China Res Beer (00291) fell nearly 5%, institutions expect weaker sales in the second half of the year than expected, lowering profit forecasts and target price.

China Res Beer (00291) fell nearly 5%, as of the time of publication, it dropped by 4.94%, closing at 29.85 Hong Kong dollars, with a turnover of 0.323 billion Hong Kong dollars.

Zhitong FinanceNov 11 00:49 ET

HK stock abnormal movement | Liquor stocks decline in early trading, baijiu continues to be under pressure, beer sales decline, institutions say policy impact on consumer spending still needs to be observed

Alcohol stocks fell in the morning session, as of the deadline, China Res Beer (00291) fell by 6.37%, to 29.4 Hong Kong dollars; Tsingtao Brew (00168) fell by 5.14%, to 51.7 Hong Kong dollars; Bud APAC (01876) fell by 3.58%, to 8.35 Hong Kong dollars; ZJLD (06979) fell by 3.87%, to 7.45 Hong Kong dollars.

Zhitong FinanceNov 10 21:07 ET

[Brokerage Focus] Haitong Int'l cuts target price of China Res Beer (00291) by 14.29% as industry demand continues to be under pressure in the second and third quarters of this year.

Jingu Information | Haitong International issued research reports, stating that China Res Beer (00291) achieved revenue/net income of 23.74/4.7 billion yuan in 24H1, -0.5%/+1.2% year-on-year. Due to the negative impact of a high base and weather, the beer business generated revenue of 22.57 billion yuan, down 1.4% year-on-year, with sales volume/ton price down 3.4%/+2.0% year-on-year, both showing better performance than the industry average. Benefiting from the improvement of product structure and some packaging cost reductions, the beer business gross margin increased by 0.6 percentage points to 45.8%. As for baijiu, after refreshing the abstract and stabilizing prices through reducing inventory and reshaping the organization.

Golden Guard Financial NewsNov 10 20:09 ET

guolian: The fundamentals of the liquor sector in 2024Q3 have bottomed out, and the report is slowing down.

Overall, the revenue growth rate of key baijiu industry companies in 2024Q3 calculated by the method of law is 2.41%, with high-end liquor/second-tier liquor/regional liquor revenue growth rates of +9.59%/-0.38%/-15.64% respectively, each decreasing by 4.65/8.87/23.32 percentage points compared to the previous period.

Zhitong FinanceNov 7 00:37 ET

Hong Kong stocks are active | Beer stocks rose in the late trading, with the hope of improving demand supporting the volume and price of beer. The leading beer company continues its steady growth.

Beer stocks rose in the final hour, as of the deadline, bud apac (01876) rose by 5.24%, closing at 8.44 Hong Kong dollars; china res beer (00291) rose by 4.61%, closing at 30.65 Hong Kong dollars; and tsingtao brew (00168) rose by 2.14%, closing at 52.5 Hong Kong dollars.

Zhitong FinanceNov 5 02:15 ET