Beer stocks picked up collectively. As of press release, Tsingtao Brewery shares (00168) rose 3.6% to HK$53.3; China Resources (00291) rose 2.49% to HK$32.9; and Budweiser Asia Pacific (01876) rose 1.42% to HK$10.02.
The Zhitong Finance App learned that beer stocks are recovering collectively. As of press release, Tsingtao Brewery shares (00168) rose 3.6% to HK$53.3; China Resources (00291) rose 2.49% to HK$32.9; and Budweiser Asia Pacific (01876) rose 1.42% to HK$10.02.
Fangzheng Securities said that since '23, it has been affected by “consumption upgrades and deceleration under external economic pressure”. The market is concerned about the medium- to long-term trend of high-end beer, and the current sector valuation is at a historically low level. There is still plenty of room for upgrading the beer structure in China. At the same time, the beer industry leaders have reached a consensus on “high-end high-quality development+profit demand”. Under the “product+channel+region” side's continuous promotion of beer industry upgrading, China's high-end beer industry is resilient.
Tianfeng Securities, on the other hand, pointed out that there have been many adjustments in the beer sector before, and the bank believes that the CPI declined in March, causing people to worry about demand and structure. The bank reiterated that Q2 has entered a new stage of preparation and delivery for the peak season. July-August will be catalyzed by the Olympics, and the drop in barley costs is expected to release dividends. It is recommended to pay attention to the opportunities of leading companies in the process of adjustment.