CITIC Securities: Maintaining Tsingtao Brewery's (00168) “Buy” Rating Target Price of HK$80

CITIC Securities anticipates that the core net profit of Tsingtao Brewery Co., Ltd. (00168) will continue to grow by more than 15% over the next three years.

Zhitong Finance22:22 ET

Changes in Hong Kong stocks | Tsingtao Brewery Co., Ltd. (00168) rose more than 5%, and the company's profit in the first quarter exceeded expectations, and the trend of structural upgrading continues

Tsingtao Brewery shares (00168) rose more than 5% intraday, reaching a new high of HK$61.45 since October 2023. As of press release, it rose 4.72% to HK$61, with a turnover of HK$221 million.

Zhitong Finance22:15 ET

Smart decision-making reference｜Go long and get high incremental capital to enter the market or hedge against profit trading pressure

[Editor-in-chief Guan Shi] The trend of Hong Kong stocks was strong during the May 1st holiday. The index directly broke through 10,000, and the mood to go long was high. There is no doubt that China has now become a popular place to invest in global capital. The US non-farm payrolls increased by 175,000 in April, far below the forecast of 240,000. This is the first time in a few months that the non-farm payroll report fell short of expectations. The US unemployment rate in April was 3.9%, higher than the forecast of 3.8%. The average hourly wage growth rate has also declined. These signs will mean a marked cooling of the labor market and another change in expectations. After the data was disclosed, traders expected the Fed to cut interest rates for the first time from the 11th of this year

Zhitong Finance20:51 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