Jinwu Financial News | Beer stocks were strong. China Resources Brewery (00291) rose 6.19%, Budweiser Asia Pacific (01876) rose 2.72%, Hong Kong Shengli (00236) rose 2.27%, and Tsingtao Brewery (00168) rose 2.03%.
According to the news, the Bank of China Securities Research Report pointed out that the trend of structural upgrading in the beer industry will not change, and attention is being paid to the release of subsequent cost dividends. The beer enterprise structure upgrade process is resilient. Driven by the two major factors of improving the competitive landscape and clearing production capacity, the structural upgrading process of beer companies may slow down in the medium term, but it will continue. The beer industry is expected to fully benefit from the release of cost dividends in 2024, and there is still room for repair in current industry valuations.