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HK Stock MarketDetailed Quotes
00291 CHINA RES BEER
- 27.350
- -0.150-0.55%
Not Open Apr 28 16:09 CST
88.73BMarket Cap17.34P/E (TTM)
27.750High26.850Low14.09MVolume27.750Open27.500Pre Close384.10MTurnover0.43%Turnover Ratio17.34P/E (Static)3.24BShares38.42952wk High2.59P/B88.73BFloat Cap21.60052wk Low1.12Dividend TTM3.24BShs Float75.728Historical High1.026Dividend LFY3.27%Amplitude-14.321Historical Low27.252Avg Price500Lot Size4.10%Div YieldTTM3.75%Div Yield LFY
CHINA RES BEER News
China Resources Beer (Holdings) (HKG:291) Is Looking To Continue Growing Its Returns On Capital
[Brokerage Focus] Guotai Haitong SEC indicates that expectations for domestic demand stimulus are strengthening, and the Beer Sector is both resilient and flexible.
Jinwu Financial News | GUOTAI HAITONG SEC stated that the expectations for domestic demand stimulation have strengthened, showing both elasticity and resilience in the Beer Sector. The company anticipates that changes in the competitive landscape will bring local economic opportunities. They reaffirm their annual view of a month-on-month recovery in prosperity, falling costs, and moderate competition. The logic for price increases has weakened, while the logic for margin improvement and dividends has strengthened, catalyzing a recovery in prosperity. With the peak season approaching, it is advised to focus on the Beer Sector. According to terminal sales and inventory estimates, the company expects that the overall shipment volume of industry leaders has not yet recovered in mid-January to February, but significant improvement in shipment volume is expected from the end of February to March. They anticipate that for Q1 25, the industry leaders (excluding Bai) will...
2024 ANNUAL REPORT
[Brokerage Focus] Zhongzhou International: Short-term volatility in Hong Kong stocks has intensified, with the Hang Seng Index closing at 21,417 points.
Jin Wu Finance News | China International released a Research Report indicating that the Hong Kong stock market has recently been affected by tensions in China-US trade relations and uncertainty in tariff policies, leading to heightened market risk aversion and a significant increase in volatility. The Hang Seng Index recently dropped to the 21,400-point level, closing at 21,417 points on April 14, with a daily increase of 2.4% and a cumulative increase of 6.8% year-to-date. The H-share index closed at 7,966 points, with a daily increase of 2.1% and a year-to-date cumulative increase of 9.3%. The short-term performance of the market is greatly influenced by tariff news, but in the medium to long term, it will gradually return to the company's fundamentals. The report shows that China maintained the 5-year period in March.
【Brokerage Focus】BOCOM INTL: Overall demand in the Consumer Industry remains stable amidst disruptions in tariff policies.
Golden Wealth News | BOCOM INTL's Research Reports indicate that under the disturbance of tariff policies, the overall demand in the Consumer industry remains stable, but some sectors need to pay attention to the impact of tariffs. Most companies covered by the bank do not rely on exports to the USA, and the main raw materials for the Dairy Product (such as Mengniu and Yili), beer (such as CHINA RES BEER and Budweiser), and Sporting Goods (such as Anta and LI NING) industries are sourced domestically, with their main operational markets being China and Asia. The Personal Care industry, represented by Hengan, while being a leader in the industry and using imported high-quality wood pulp as raw material, primarily imports from the Americas. Therefore, most companies are less affected by tariff policies, but the family...
Trending Industry Today: CHINA RES BEER Leads Losses In Beer Stocks
Trending Industry Today: TRIP.COM-S Leads Losses In Holidays Stocks
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.
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.
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.
[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.
Nomura Adjusts China Resources Beer (Holdings)' Price Target to HK$40.90 From HK$40.10, Keeps at Buy
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.
[Brokerage Focus] Guo Zheng International maintains a Buy rating on CHINA RES BEER (00291) and is Bullish on the company's development prospects, indicating that it is currently extremely undervalued.
Jingu Financial News | Guozheng International issued a Research Report stating that CHINA RES BEER (00291) is expected to achieve total revenue of 38.635 billion yuan in 2024, a year-on-year decrease of 0.8%; net income is expected to be 4.76 billion yuan, a decrease of 8.7% year-on-year, and EBIT excluding extraordinary income and expenses is expected to be 6.34 billion yuan, a year-on-year increase of 2.9%. The report mentions that in 2024, on one hand, consumer sentiment is relatively weak, especially the demand in the Dining and nightlife channels is lackluster, and on the other hand, during the peak season from July to September, the weather across the country is expected to be cooler, impacting beer consumption. Against this backdrop, overall sales volume is expected to drop by 2.5%, but sales volume above the premium category is expected to grow by 9% year-on-year.
Nomura: Raises the Target Price of CHINA RES BEER to HKD 40.9 and reiterates the "Buy" rating.
Nomura released a Research Report stating that under the high-end strategy, CHINA RES BEER (00291) should be able to maintain revenue and profit recovery in the fiscal year 2025, with a year-on-year increase of 6% and 13% respectively. The bank believes the worst situation may have passed, thus raising the Target Price from HKD 40.1 to HKD 40.9, with a potential upside of 36%, reaffirming the "Buy" rating. The report indicates that the group's revenue and profit for the fiscal year 2024 are expected to decrease by 1% and 8% year-on-year, to RMB 38.6 billion and RMB 4.7 billion respectively, which is 4% and 15% lower than Bloomberg's expectations, mainly due to resistance faced by the entire industry. Although the base is relatively large,
Nomura: Raises the Target Price for CHINA RES BEER (00291) to HKD 40.9, reiterates the "Buy" rating.
The bank stated that the group's Beer sales showed a significant recovery trend in the first two months of 2025.
Despite Delivering Investors Losses of 38% Over the Past 3 Years, China Resources Beer (Holdings) (HKG:291) Has Been Growing Its Earnings
Jefferies Adjusts China Resources Beer (Holdings)' Price Target to HK$39.03 From HK$34.40, Keeps at Buy
Goldman Sachs: Maintain CHINA RES BEER (00291) "Buy" rating Target Price 33.5 HKD.
The bank stated that CHINA RES BEER expects overall sales of its beer Business to grow positively this year, with the "Heineken NV Sponsored ADR" brand continuing to achieve double-digit percentage sales growth, and gross margin is expected to continue expanding.
[Brokerage Focus] Huaxin Securities gave CHINA RES BEER (00291) an initial "Buy" rating, indicating that beer sales in the first two months of this year performed well despite a high base.
Jinwu Finance | Huaxin Securities Research Reports indicate that CHINA RES BEER (00291) is projected to have revenue of 38.635 billion yuan in 2024, a decrease of 0.76% year-on-year; Net income attributable to shareholders is estimated at 4.739 billion yuan, a year-on-year decrease of 8.03%; after excluding fixed asset impairments and one-time employee compensation relocation costs due to capacity optimization of 0.036 billion yuan (0.141 billion yuan in 2023), and government subsidies and land rights sale income of 0.266 billion yuan (0.937 billion yuan in 2023) in the second half of the year, net income attributable to shareholders is approximately 4.509 billion yuan, an increase of 3.49% year-on-year. In terms of profitability, the gross margin for the company in 2024 is 42.