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Daiwa: Downgraded tsingtao brew (00168) rating to "hold" with target price lowered to 52.6 Hong Kong dollars
Yamato predicts that Tsingtao Brewery's sales volume and average selling price will both increase by 1% year-on-year in 2025.
Express News | Daiwa Securities SMBC Corporation has downgraded Tsingtao Brewery's H shares to hold, with a target price of 52.50 Hong Kong dollars.
Guolian Securities: The fundamentals of the liquor sector in Q3 2024 are bottoming out, and the report is slowing down.
The overall revenue growth rate of key companies in the baijiu industry in Q3 2024 calculated by the overall method is 2.41%, with the revenue growth rates of high-end liquor / second-tier liquor / regional liquor at +9.59% / -0.38% / -15.64% respectively, with sequential decreases of 4.65 / 8.87 / 23.32 percentage points.
Stock market updates: Hong Kong's dining and alcoholic beverages sector are strong, with Helen's up 16% and zjld up 8%. The Ministry of Commerce will introduce new policies in the consumer sector.
The Hong Kong dining sector showed strong performance in the morning session, with Helen's up by 16.38%, Jiumaojiu up by 14.36%, and Xiabuxiabu up by 9%. The alcoholic beverages sector also strengthened, with ZJLD up by 8%, China Res Beer up by 6%, and Tsingtao Brew up by 4%.
Express News | Alcoholic beverage stocks in the Hong Kong stock market collectively strengthened, with zjld up nearly 7%, china res beer up over 5%, tsingtao brew, and bud apac up more than 3%.
Tsingtao Brewery (600600) company brief: Ready and waiting for demand improvement.
Event: The company released the third quarter report for 2024, achieving revenue of 28.959 billion yuan in 2024 Q1-Q3 (-6.52% year-on-year, same for the whole text), with a net income attributable to the parent company of 4.99 billion yuan (+1.67%); including 202
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