BOCOM Int'l expects the mainland China consumer index to continue to improve in the second half of the year.

Zhì tōng cáijīng APP learned that bocom intl issued a report stating that consumer performance has been slightly lower than expected since early 2024, but improvement is expected in the second half of the year. The bank pointed out that the consensus expectation for revenue growth of 104 consumer goods companies in 2024 has been lowered from 10.7% six months ago to 9.6%, indicating that consumer demand has been healthy but slightly lower than market expectations since the beginning of the year. The downgrade is mainly from essential consumption, and the performance of optional consumption roughly meets expectations. However, the bank maintains a cautiously optimistic attitude towards the second half of the year, as the low base in the second half of the year, hot weather, and the continued warming of the tourism industry are conducive to essential consumption, and international sports events such as the Beijing Winter Olympics are expected to have a positive impact on discretionary consumption.

Zhitong Finance22:40 ET

Hong Kong stock market fluctuation | China Res Beer (00291) fell nearly 7%, leading the decline of beer stocks. Weak consumer environment combined with the high base effect may weigh on beer sales in May.

According to the Zhitong Finance and Economics APP, beer stocks collectively fell as of press time, with China Resources Beer (00291) down 6.71% at HKD 29.2; Bud APAC (01876) fell 5.89% to HKD 9.11; and Tsingtao Brew (00168) fell 3.96% to HKD 53.35. In terms of news, Guosen Securities pointed out that due to the still weak consumption environment and a high base in the same period last year, sales of beer industry leaders are expected to come under pressure in May. Beer manufacturers will attach greater importance to inventory health in the second quarter, and channel inventory will be gradually alleviated in April-May. Looking ahead to June and the second half of the year, with the weather gradually warming up and the addition of large-scale

Zhitong Finance22:34 ET

Concord NE has established two financing lease arrangements.

Concord NE (00182) announced on June 6, 2024, that the Seller (fully-owned subsidiary Hao Tai New Energy Equipment Co., Ltd.), Original Buyer (CITIC Rongxin Financial Leasing Co., Ltd.), Lessee (fully-owned subsidiary Chaoyang Concord Julong Wind Power Generation Co., Ltd.), and Financer (Yangtze River United Financial Leasing Co., Ltd.) have agreed on Financing Lease Arrangement A through the following agreement: The Seller, Original Buyer, Lessee, and Financer have signed the Equity Transfer Agreement, under which the Financer will purchase equipment from the Original Buyer to lease it to the Lessee. The purchase price is about 161 million RMB.

新浪港股Jun 6 19:18 ET

Changes in Hong Kong stocks | Tsingtao Brewery Co., Ltd. (00168) fell more than 5%, leading the decline in beer stocks in April, beer production fell 9.1% year on year, and has been declining year on year for two consecutive months

Beer stocks continued their decline. As of press release, Tsingtao Brewery shares (00168) fell 5.45% to HK$56.35; China Resources (00291) fell 3.08% to HK$33; and Budweiser Asia Pacific (01876) fell 1.55% to HK$10.18.

Zhitong FinanceMay 29 22:25 ET

[Broker Focus] Anxin International expects consumption to maintain a weak recovery trend this year

Jinwu Financial News | Anxin International said that the total retail sales volume in April was 3569.9 billion yuan, up 2.3% year-on-year, and recovered to 116.7% in the same period in '19. Compared with the 3.1% growth rate in March, social zero growth declined further. The first quarter of last year was a relatively high base, and it has gradually declined since April. However, the growth rate still declined in April of this year, indicating that domestic consumption data is still relatively weak. However, considering that March and April are low consumption seasons due to lack of holiday incentives, the bank believes that follow-up trends still need to be observed. Overall, the bank expects consumption to maintain a weak recovery trend this year. This bank refers to the first recommendation

金吾財訊May 26 21:20 ET

Returns At China Resources Beer (Holdings) (HKG:291) Appear To Be Weighed Down

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, a

Simply Wall StMay 25 22:58 ET