China Res Beer (00291.HK) has entered into a framework agreement with China Resources Group for the supply of alcoholic beverages.

On June 27th, Guilin Hui announced that on June 27th, 2024, the company signed a framework agreement with China Resources (Holdings) Co., Ltd. for the supply of alcoholic products. According to the agreement, the Group agreed to supply alcoholic products to China Resources Group and its affiliated companies for a period of three years.

Gelonghui FinanceJun 27 21:59

Express News | Zhongjin: Predicting a mild recovery for the Chinese food and beverage industry in the second half of the year, with a preference for H-share symbol such as unified and Master Kang.

BreakingsJun 27 16:55

Hang Seng Index fell 373 points, Xiaomi and Nongfu Spring both dropped 7%, and domestic demand stocks came under pressure.

Asian currencies are under pressure, and the central parity rate of the yuan hit a seven-month low. According to a report by Morgan Stanley, mutual and hedging funds have seen outflows from Chinese concept stocks this month. The Hang Seng Index settlement day fell, opening low at 143 points and further widening the decline. In the afternoon, it fell by 412 points to a low of 17,677 points and closed down 373 points or 2.1% at 17,716 points; the National Index fell by 153 points or 2.4% to close at 6,324 points;The Hang Seng Tech Index fell by 100 points or 2.7%, closing at 3,588 points. The total turnover of the market was HKD 104.225 billion for the day, and there was a net inflow of RMB 3.151 billion and HKD 2.45 billion in southbound trading through the Shanghai and Shenzhen Stock Connect.

AASTOCKSJun 27 16:31

"The Great Banks" predicts a moderate recovery in the CSI SW Food & Beverage Index in the second half of the year, closely related to residents' income expectations, inflation trends, and other factors.

CICC released a report on the food and beverage industry, indicating that it is bullish on three investment themes in the second half of the year, including leaders in high-growth competition tracks, high-dividend stocks with potential for dividend upgrades and healthy cash reserves, undervalued targets that are expected to see marginal improvements. CICC pointed out that the food and beverage industry had weak coverage in the first half of the year, with slower-than-expected recovery in the dining industry despite strong travel demand, and weaker recoveries in beer, frozen food, and B-end condiments. The baijiu sector exceeded expectations during the Spring Festival season due to an increase in returning population and holiday effects, but consumption was relatively flat in the second quarter after entering the off-season. Currently, the market has low expectations for the sector, but the bank believes that leading companies' valuations have fallen back and the sector has long-term allocation value. Looking

AASTOCKSJun 27 15:06

Citi: Institutional investors in the UK and Europe have increased interest in Chinese daily consumer stocks, focusing on Mengniu, Tsingtao Brewery, Nongfu Spring and Li Ning.

Citigroup released a report stating that in recent promotional trips to the UK and European markets, they met with about 30 institutional investors. Compared to the promotional trip in the US in April, investors in the UK and Europe are currently more interested in daily consumer goods than non-essential consumer goods. Although they still hold a cautious attitude towards the macro environment in the mainland, investors who reduced their holdings of Chinese stocks have expressed interest in re-examining their Chinese positions. The bank revealed that investors continue to be interested in high dividend stocks such as TopSports (06110.HK). The most frequently asked industries and stocks during the marketing trip were beer stocks such as Yanjing Beer (002161.SZ).

AASTOCKSJun 26 14:19

China Res Beer (00291.HK): Gather the high-end, step by step

With significant results from its global strategy, the company's valuation is at a relatively low level in history, and we give it a "shareholding" rating. As the largest beer giant in China, the company has accelerated its high-end transformation after acquiring Heineken's assets in China. We expect the company to achieve good performance from 2024 to 2026.

開源證券Jun 26 00:00