Hong Kong stocks Concept tracking | The trend of premiumization in the Beer Industry continues, and the companies are experiencing Bullish conditions on the cost side (with related Concept stocks attached).

Several Beer companies generally attribute the decline in costs to falling barley prices, reduced packaging costs, and cost control measures.

Zhitong FinanceApr 3 01:21 ET

Bank of China International: Feedback from the Spring Sugar and Wine Fair is lukewarm, and the differentiation between brands is intensifying.

The overall feedback from the spring sugar and wine fair is lackluster, and the differentiation among brands has intensified. The Sector is entering a performance verification period, with leading beverage companies performing exceptionally well; in the Leisure snacks sector, investment opportunities under the transformation of industry leaders are worth paying attention to.

Zhitong FinanceMar 26 02:00 ET

Deutsche Bank: Upgraded CHINA RES BEER's Target Price to HKD 41.9, maintaining a "Buy" rating.

Deutsche Bank released a Research Report stating that CHINA RES BEER (00291) saw a year-on-year decline of 1% in the group's revenue in the second half of last year, amounting to 14.9 billion yuan. The beer Business experienced a year-on-year decrease of 0.4% to 13.9 billion yuan, while the Baijiu(Chinese Liquor) Business fell 11% to 1 billion yuan, which was in line with expectations. The group reported a net profit of 34 million yuan in the second half, slightly lower than expected, mainly due to government subsidies being lower than anticipated. The annual dividend reached 2.5 billion yuan, indicating a payout ratio of 52% (excluding special dividends, the payout ratio for 2023 is 40%). The bank has raised the company's EBITDA forecast for the years 2025 to 2027 on average.

Sina Hong Kong StocksMar 24 06:02 ET

[Brokerage Focus] BOCOM INTL maintains Buy rating on CHINA RES BEER (00291), stating that its beer and Baijiu(Chinese Liquor) business perform better than the Industry.

Jinwu Financial News | BOCOM INTL Research Reports indicate that CHINA RES BEER (00291) expects revenue for the entire year of 2024 to remain the same year-on-year. The gross margin increases by 1.2 percentage points to 42.6%. Shareholders' profit attributable decreases by 8.7% year-on-year. The full-year dividend payout ratio reaches 52%. The business of high-end products continues to develop, significantly boosting the gross margin. The report states that the beer and Baijiu(Chinese Liquor) businesses perform better than the Industry. In the beer business, despite a slowdown overall in the high-end process of the Industry, the company's high-end beer series (priced at 10 yuan and above) shows a year-on-year sales growth of over 9%. Although beer business sales decline by 2.5%, the high-end product portfolio.

Jinwu Financial NewsMar 23 22:28 ET

Nomura Adjusts China Resources Beer (Holdings)' Price Target to HK$40.90 From HK$40.10, Keeps at Buy

MT NewswiresMar 20 05:36 ET · Ratings

Bank of America Securities: Maintains CR BLDG MAT TEC 'Buy' rating, raises Target Price to HKD 2.1.

Bank of America Securities published a Research Report stating that it maintains a "Buy" rating for CR BLDG MAT TEC (01313), with the Target Price raised from 1.8 HKD to 2.1 HKD. The firm noted that the company expects demand in the South China region to contract by 6% to 8% this year, and has accordingly lowered this year's cement sales target to an 8% year-on-year decline, to 5.7 million tons. The increase in concrete and aggregate sales will partially offset the decrease in cement sales. Taking these factors into account, the firm has raised its earnings forecast for the company from this year to 2027 by 14% to 26%. Bank of America Securities indicated that the management of CR BLDG MAT TEC expects the gross profit per ton of cement in the first two quarters of this year will significantly exceed the same period last year, affected by.

Sina Hong Kong stocksMar 20 03:38 ET