CRHKY CHINA RES BEER HLD
- 9.240
- +0.370+4.17%
CHINA RES BEER HLD News
年報2023
Hong Kong Stock Concept Tracking | Valuation has reached the bottom of history, and institutions are optimistic about the beer industry improving (with concept stocks)
Benefiting from post-pandemic demand recovery, China's beer industry produced 35.555 million kiloliters (yoy +0.3%) in 2023, but there is still a gap compared to 2019. Judging from the price point of view, the upgrading trend in China's beer industry is slowing down or not downgrading, and the gross sales gap of enterprises continues to rise. In 2023, the number of domestic catering companies cancelled nearly 1.3 million, more than double that of 2022. The ready-to-drink scene is recovering slowly as the main position for upgrading the beer structure, compounding the pressure on overall consumption power. The high-end trend has slowed down, but the mid-tier products of wine companies have maintained good growth. The tonnage prices of major domestic wine companies all achieved low to medium single-digit growth in 2023
Changes in Hong Kong stocks | China Resources Breweries (00291) rose nearly 7%, leading the beer stock industry is about to break out of a high sales base, institutions say the peak season is worth looking forward to
Beer stocks picked up in early trading. As of press release, China Resources Brewery (00291) rose 6.81% to HK$34.5; Tsingtao Brewery shares (00168) rose 5.73% to HK$54.4; and Budweiser Asia Pacific (01876) rose 2.99% to HK$10.34.
Dongwu Securities: The beer industry is still in the structural upgrade dividend period, and the 2024 peak season is worth looking forward to
The Zhitong Finance App learned that Dongwu Securities released a research report saying that beer is selling well in 2024Q1. This year, various wine companies will make structural improvements and profit protection their strategic priorities this year to further cultivate their strong markets. There is room for price increases and fee reductions for some products, and structural upgrades continue. At the same time, companies tend to control spending in competitors' strong markets to improve cost efficiency. Profitability is expected to continue to improve. With the pro-cyclical scenario recovering, the 2024 peak season is worth looking forward to. Currently, the stock prices of high-quality stocks with performance support in the sector are at the lower limit of historical valuation, and there is plenty of room for improvement. Recommended: Tsingtao Brewery (60060
Changes in Hong Kong stocks | The collective recovery of beer stocks during the peak season catalyzes falling costs or releasing dividends, and there is still plenty of room for high-end beer
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.
Fangzheng Securities: There is still plenty of room for high-end beer to welcome value layout opportunities under undervaluation
Currently, leading valuations have fallen back to a low level of nearly five years, and there are opportunities for value allocation.
Fangzheng Securities: There is still plenty of high-end space, and the beer sector ushered in value layout opportunities
According to Fangzheng Securities, there is still plenty of room for high-end beer and strong certainty. Currently, the beer industry's valuation is at a historically low level, ushering in value layout opportunities.
The beer industry's view on financial reporting: high-end technology continues to “fight”, but it sits on a “cold bench” in the capital market
In 2023, the beer industry continued to advance towards high-end production, and most beer companies achieved a double increase in net revenue and profit.
[Special Offer V] Guo Jiayao: Investors are concerned about peripheral economic data performance and remain cautious about changing interest rate expectations and market sentiment
Jinwu Financial News | US stocks developed one by one week. Investors waited and watched the inflation data released this week and the Federal Reserve's interest rate meeting records. The market was in a state of contention, and the three major indices closed with mixed results. The US dollar is slightly weak, and the US 10-year bond interest rate remains at 4.42%. Gold prices continue to improve, and the oil price trend is stable. Hong Kong stock depository securities are generally improving, and it is expected that the market will open higher in the early stages. The mainland stock market fell yesterday. The Shanghai Composite Index opened low and closed down 0.7%. The turnover of the Shanghai and Shenzhen markets increased slightly. Hong Kong stocks competed lightly yesterday. The index was held at 17,000 points, and market transactions increased slightly. Investors are concerned about the peripheral economy
China Resources Beer (Holdings) Company Limited's (HKG:291) Last Week's 6.0% Decline Must Have Disappointed Private Companies Who Have a Significant Stake
Key Insights China Resources Beer (Holdings)'s significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public China Resources Company L
Hong Kong Stocks Close Flat as Investors Eye China Data
Hong Kong stocks finished flat in green territory on Monday, giving up early gains, as investors await key China data this week that could help them interpret the strength of the recovery of that econ
Changes in Hong Kong stocks | China Resources Breweries (00291) lowered the company's target price after falling more than 4%
China Resources Brewery (00291) fell by more than 4%, down 4.35% at press time to HK$3.405, with a turnover of HK$374 million.
[Broker Focus] Orient Securities maintains China Resources Beer (00291)'s “buy” rating, indicating that the performance is basically in line with expectations
Jinwu Financial News | According to Orient Securities Research Report, China Resources Brewery (00291) announced its 2023 results, achieving annual revenue of 38.93 billion yuan (yoy +10.4%) and net profit of 5.15 billion yuan (yoy +18.6%); 23H2 achieved revenue of 15.06 billion yuan (yoy +5.7%) and net profit of 50 billion yuan (yoy -7.0%). The results were basically in line with expectations. According to the bank, in 2023, the liquor business achieved revenue of 2.07 billion yuan and EBIT of 130 million yuan. Excluding amortization of intangible assets resulting from the acquisition of Guizhou Sands, EBI
Citibank: Maintaining China Resources Brewery's (00291) “Buy” Rating Target Price Reduced to HK$50.15
Citi expects the Group's beer business to expand by 4% this year, including a 0.5% increase in sales and a 3.5% increase in average product prices.
Optimistic Investors Push China Resources Beer (Holdings) Company Limited (HKG:291) Shares Up 25% But Growth Is Lacking
China Resources Beer (Holdings) Company Limited (HKG:291) shares have had a really impressive month, gaining 25% after a shaky period beforehand. Unfortunately, the gains of the last month did litt
Haitong International: Maintaining China Resources Beer (00291)'s “Better Than Market” Rating Target Price Reduced to HK$56
Haitong International estimates that the earnings per share of China Resources Brewery (00291) from 2024 to 26 will be 1.87 yuan, 2.14 yuan, and 2.42 yuan, respectively.
Changes in Hong Kong stocks | China Resources Brewery (00291) rose more than 4%, leading the way in improving inventory levels after the holiday season, agencies expect sales growth in the Q2 sector to recover quarterly
As of press release, China Resources Breweries rose 4.5% to HK$38.35, Budweiser Asia Pacific (01876) rose 4.59% to HK$12.3, and Tsingtao Brewery (00168) rose 1.85% to HK$55.15.
Anxin International: Maintaining the “Buy” Rating of China Resources Breweries (00291) and reducing the target price to HK$48
Anxin International continues to be optimistic about the development prospects of China Resources Brewery for a long time.
Macquarie: Maintaining China Resources Beer (00291)'s “Neutral” Rating and Raising the Target Price to HK$33
Macquarie estimates that China Resources Brewery (00291) will invest about 1.8 billion yuan in the next two to three years to expand liquor production capacity, thus achieving a sales target of 8 billion to 10 billion yuan.
[Broker Focus] CITIC Construction Investment maintains China Resources Beer (00291) purchase rating, indicating that falling barley prices are beneficial to profitability
Jinwu Financial News | CITIC Construction Investment Research Report indicates that high-end domestic beer continues. China Resources Brewery (00291) continues to advance the “decisive victory over the high-end” strategy, continues to optimize production capacity and organizational transformation, and build a “Heineken + SuperX+ Pure Life” high-end brand group. The proportion of sub-high-end and above beer products continues to rise. Heineken experienced rapid growth of nearly 60% in 2023, and annual sales exceeded 600,000 tons. The first five-year plan for cooperation with Heineken was successfully completed. The company launched the Beer+White Dual Empowerment Model to become an explorer in the new world of alcohol. Sands is already in the second half of 2023
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