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Outperform Rating Justified for Tsingtao Brewery Amid Strong Q4 Performance and Favorable Cost Projections
TipRanksApr 30 04:35 ET
Tsingtao Brewery's 2Q-3Q Net Profit Growth Likely to Be Strong -- Market Talk
0800 GMT - Tsingtao Brewery's 2Q-3Q net profit growth is likely to be strong, thanks to an easing comparison base and a faster increase in its average selling prices, Daiwa Capital Markets analysts sa
WSJApr 30 04:00 ET
Tsingtao Brewery Target Price Raised to HK$75.00 From HK$71.00 by Daiwa Capital Markets >0168.HK
Tsingtao Brewery Target Price Raised to HK$75.00 From HK$71.00 by Daiwa Capital Markets >0168.HK
Dow JonesApr 30 03:52 ET
Bank of America Securities: Maintaining Tsingtao Brewery's (00168) “Buy” Rating Target Price of HK$75
The Zhitong Finance App learned that Bank of America Securities released a research report stating that it maintains the “buy” rating of Tsingtao Brewery Co., Ltd. (00168), with a target price of HK$75. The company's revenue for the first quarter fell 5.2% year on year, slightly lower than market expectations, but profit after tax and core profit after tax rose 10.1% and 12% year over year, both exceeding market expectations for medium to high unit growth. The bank believes that strong profits are benefiting from lower raw material costs and quarterly fluctuations in sales expenses. The bank pointed out that Tsing Beer's sales growth in the first quarter lagged behind local peers, but the situation narrowed in April, partly benefiting from a low base. However, the bank was wary of a slight increase in sales in May and June of last year
Zhitong FinanceApr 30 03:29 ET
Tsingtao Brewery: Strong Financials and Cost Management Prompt a Buy Rating
TipRanksApr 29 22:46 ET
青島啤酒股份:2024年第一季度報告
Futu NewsApr 29 09:24 ET · Announcements
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