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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%.
San Miguel Brewery Hong Kong to Renew Trademark License Agreement for Further 3 Years
Boosting the heat with top sports events, the non-alcoholic beer global market is smoothly advancing.
The millennials are playing a leading role in driving the growth of non-alcoholic consumer consumption, and this role continues to strengthen.
Relying on cost reduction to "squeeze out" profit margins, is it difficult to do business in the beer industry in the second half?
Industry upgrading to high-end, combined with optimized product structure and cost reduction, driving a slight increase in the overall gross margin of the sector.
Hong Kong stocks volatility | Beer stocks are falling, Bud Apac fell nearly 3% to a new low.
On September 13th, San Miguel HK fell by 3.37%, Bud APAC fell by nearly 3% to a new low, and Tsingtao Brewery fell by 0.72%. According to the data from the National Statistics Bureau, the cumulative beer production of China's scale enterprises from January to July 2024 was 22.674 million kiloliters, a year-on-year decrease of 1.6%. The slowdown in growth on the corporate side was also evident last year. In 2024, the deceleration of growth among beer giants became even more pronounced. In the first half of the year, Chongqing Brewery, Beijing Yanjing Brewery, and Guangzhou Zhujiang Brewery, the three domestic giants, all achieved single-digit growth. In addition to Bud APAC's decline in revenue and net profit, China Res Beer's revenue also saw a decrease since 202
SAN MIGUEL HK: INTERIM REPORT JANUARY TO JUNE 2024
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