Hong Kong stocks fluctuated丨Beer stocks generally fell, CHINA RES BEER dropped over 4%, and major banks lowered its Target Price.
Jefferies Adjusts China Resources Beer (Holdings)' Price Target to HK$34.40 From HK$37.38, Keeps at Buy
China Resources Beer (0291.HK): The trend of high-end beer continues but the pace is slowing down; the liquor business is affected by industry oversupply
Major financial institution rating | Macquarie: Downgrades the Target Price of CHINA RES BEER and BUD APAC, both maintaining "Outperform the Market" rating.
CICC: Maintain the rating of CHINA RES BEER (00291) as "outperform Industry" with a Target Price of 32.4 HKD.
China Resources Brewery (00291.HK): The trend of structural upgrading remains unchanged, 2H24 fundamentals continue to maintain a stable tone
Major bank rating丨Zhuhai International: Next year, emotional value-based consumption will continue to lead the market. Maintain a "Buy" rating on China Resources Beer.
[Brokerage Focus] Bocom Intl lowers China Res Beer (00291) target price by 15.1%, citing overall weak performance in the dining market this year.
China Resources Beer (0291.HK): The beer consumption environment is under pressure in the short term; high-end technology is still the driving force for the long term
CICC: Maintains a "outperform" rating on China Res Beer (00291) with the target price lowered to 35.9 Hong Kong dollars.
HK stock anomaly | China Res Beer (00291) fell nearly 5%, institutions expect weaker sales in the second half of the year than expected, lowering profit forecasts and target price.
[Brokerage Focus] Haitong Int'l cuts target price of China Res Beer (00291) by 14.29%, indicating sustained industry demand pressure in the second and third quarters of this year.
China Resources Brewery (00291.HK): The pace of high-end development is firm, and the margin of safety has arrived
Goldman Sachs: Maintains a "buy" rating on China Res Beer (00291) with a target price of 38.1 Hong Kong dollars.
[Brokerage Focus] Guosheng Securities initiates coverage on China Res Beer (00291) with a "buy" rating, indicating that the company will be the first to benefit from the sector's recovery.
China Resources Beer (00291.HK): Strong people fight for high-end
CICC: Maintains a 'Outperform' rating on China Res Beer (00291) with a target price increase to 38.1 Hong Kong dollars.
China Resources Beer (0291.HK): Performance is in line with expectations, dividends increase liquor volume
China Resources Brewery (0291.HK) 2024 Interim Report Review: Profitability improved year-on-year, base pressure eased in the second half of the year
China Resources Beer (00291.HK): Continued promotion of high-end beer and white double empowerment results are beginning to show