CRHKY CHINA RES BEER HLD
- 7.010
- +0.050+0.72%
CHINA RES BEER HLD News
The CSRC has issued guidelines on market cap management, requiring listed companies to improve their profitability.
To implement the "State Council's Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-Quality Development of Capital Markets," further guide listed companies to pay attention to their investment value, effectively enhance investor returns, the China Securities Regulatory Commission issued the "Guidelines for the Supervision of Listed Companies No. 10 - Market Cap Management," which will be implemented from the date of publication. The "Guidelines" require listed companies to improve their company quality, enhance operational efficiency and profitability based on actual situations, and lawfully and compliantly utilize methods such as mergers and acquisitions, stock-based incentives, employee stock ownership plans, cash dividends, investor relations management, information disclosure, share repurchases, etc., to promote the reasonable investment value of listed companies.
Express News | China Resources Double-Crane Pharmaceutical: Amlodipine Atorvastatin Calcium Tablets granted pharmaceutical supplementary application approval.
Express News | C'est Established a new company in Danjiangkou, Huarun Yibao Beverage, with a registered capital of 0.34 billion.
CICC: Maintains a "outperform" rating on China Res Beer (00291) with the target price lowered to 35.9 Hong Kong dollars.
Jianyin International has lowered its beer sales volume and average product price forecast for the second half of Lukang Beer from a decline of 2.2% and growth of 2.4% to a decline of 2.9% and growth of 2.1%.
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.
China Res Beer (00291) fell nearly 5%, as of the time of publication, it dropped by 4.94%, closing at 29.85 Hong Kong dollars, with a turnover of 0.323 billion Hong Kong dollars.
Hong Kong stocks fluctuate | Lack of consumer stimulus measures, domestic demand stocks collectively decline, China Resources Beer, xiabuxiabu, jiumaojiu fell more than 5%.
Gelonghui November 11th | Due to the 'market rescue measures' announced last week not mentioning consumer stimulus measures, Hong Kong stocks collectively fell today in beer and domestic consumption stocks. Among beer stocks, China Resources Beer fell more than 5%, Tsingtao Brewery fell more than 4%, and Bud APAC fell more than 3%; among beverage stocks, Nongfu Spring fell more than 5%, China Resources Beverage fell nearly 3%; among sporting goods stocks, Xtep Int'l fell more than 6%, China Dongxiang fell more than 5%, Li Ning, Topsports fell more than 4%, 361 Degrees, Anta fell more than 3%; among dairy stocks, Mengniu Dairy fell more than 4%; among dining stocks, Helen's fell nearly 8%, Xiabuxiabu, Jiumaojiu fell more than 5%, Naixue's Tea,
"Dah Sing" haitong int'l lowers the target price of Tsingtao Brewery (00291.HK) to 48 yuan, firming up its high-end transformation pace.
haitong int'l released a report indicating that china res beer (00291.HK) has shown resilience in the face of industry fluctuations, steadily advancing its dual empowerment strategy for beer and white spirits, with a firm pace towards high-end development. In the first half of the year, it achieved revenue and net profit of 23.74 and 4.7 billion yuan respectively, a decrease of 0.5% and an increase of 1.2% year-on-year. Due to the negative impact of high base numbers and weather, the beer business generated revenue of 22.57 billion yuan, a 1.4% decrease year-on-year. Sales volume and average selling price decreased by 3.4% and increased by 2% respectively on a yearly basis, with both volume and price performance superior to the industry average. The report pointed out that china res beer ranked first domestically in beer sales volume, revenue, and profit last year. Although
HK Stocks | Liquor stocks fell in the morning session, baijiu continues to be under pressure, beer sales decline, institutions say policy impact on consumer driving still needs to be observed.
Alcohol stocks fell in the morning session. As of the time of writing, China Res Beer (00291) fell by 6.37%, closing at 29.4 Hong Kong dollars; Tsingtao Brew (00168) fell by 5.14%, closing at 51.7 Hong Kong dollars; Bud APAC (01876) fell by 3.58%, closing at 8.35 Hong Kong dollars; ZJLD (06979) fell by 3.87%, closing at 7.45 Hong Kong dollars.
[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.
Jingu Finance News | Haitong International released research reports stating that China Res Beer (00291) achieved revenue/net income of 23.74/4.7 billion yuan in 24H1, -0.5%/+1.2% year-on-year. Due to the negative impact of a high base and weather, the beer business recorded revenue of 22.57 billion yuan, a decrease of 1.4% year-on-year, with sales volume/ton price down by 3.4%/+2.0% year-on-year; both volume and price performance are better than the industry average. Benefiting from the improvement in product structure and some packaging cost reduction, the beer business's gross margin increased by 0.6 percentage points to 45.8%. In terms of Baijiu, after a summary refresh and stabilizing prices through destocking, as well as organizational restructuring.
China Resources Beer (00291.HK): Firm pace of high-end transformation, safety margin has emerged.
In the face of industry fluctuations highlighting resilience, steadily advancing the 'beer-white double empowerment' global strategy. In the first half of 24H1, the company achieved revenue/net income attributable to mother of 23.74/4.7 billion yuan, -0.5%/+1.2% year-on-year. Affected by high base and adverse weather.
Express News | China Resources Group signed a total contract amount of 1.515 billion US dollars at the import expo.
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%.
Express News | Peking sold 3 plots of land, attracting over 12.7 billion in gold.
Hong Kong stocks are active | Beer stocks rose in the late trading, with the hope of improving demand supporting the volume and price of beer. The leading beer company continues its steady growth.
Beer stocks rose in the final hour, as of the deadline, bud apac (01876) rose by 5.24%, closing at 8.44 Hong Kong dollars; china res beer (00291) rose by 4.61%, closing at 30.65 Hong Kong dollars; and tsingtao brew (00168) rose by 2.14%, closing at 52.5 Hong Kong dollars.
Great Wall Securities: Differentiation in the catering sector's third-quarter financial statements. Maotai (600519.SH) prices hit bottom and rebounded.
In the third quarter, the performance of liquor enterprises generally slowed down, with channels releasing pressure to build up momentum for next year. The long-term logic of various sub-sectors of mass market remains unchanged, and it is recommended to focus on symbols with performance exceeding expectations.
Express News | China Resources new energy fund and others established a new company in Fuxin with a registered capital of 0.76 billion.
Express News | The results of the national medical insurance negotiations are expected to be released at the end of November 2024.
Nomura: Maintains 'shareholding' rating for china res beer, target price raised to 34 Hong Kong dollars.
Daiwa Securities released a research report stating a 2% to 5% downward adjustment in China Resources Beer (00291) earnings forecast for 2024 to 2026. The bank raised the beer's target price from HK$32 to HK$34, with a rating of "shareholding." The bank lowered the group's sales forecast for this year by 3% to reflect sluggish beer demand and a downward revision in baijiu sales forecast, while sales for 2025 and 2026 are expected to decrease by 6% from a lower base. Due to weak sales in the mid-to-high-end business segment, the bank assumed a 0.5%, 1.1%, and 1.3% decrease in gross margin for the years 2024 to 2026, but still anticipates profit expansion. This is expected to be factored into operating income.
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