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Goldman Sachs: Remains Bullish on the Chinese stock market, overweight on China (Listed in Hong Kong and A-shares), Japan, and Singapore.
In the short term, people may focus again on high dividend/shareholder return assets, domestic demand, and safe-haven Gold assets. Consumer Analysts reaffirm their positive outlook on Kweichow Moutai and BUD APAC.
Tsingtao Brewery Co (TSGTF) Gets a Buy From DBS
Jianyin International: Raised the Target Price for TSINGTAO BREW (00168) to 55 Hong Kong dollars, rating "Neutral."
The bank expects that the sales of premium Beer, including draft Beer and white Beer, will continue to outperform overall sales growth.
[Brokerage Focus] Jianyin International maintains a neutral rating on TSINGTAO BREW (00168) and expects its sales to recover growth in this fiscal year.
Jin Wu Finance News | According to a Research Report by Jianyin International, TSINGTAO BREW (00168) is expected to underperform in the fiscal year 2024. The net income for fiscal year 2024 is projected to grow by 2% to 4.345 billion yuan, which is 2% lower than the bank's expectation and market consensus, mainly due to the gross margin being lower than expected and the sales expense ratio being higher than expected. A 6% decline in sales volume has led to a 5% decrease in revenue for fiscal year 2024. Through channel inventory adjustments in fiscal year 2024, the bank believes that TSINGTAO BREW's sales volume can recover and grow in fiscal year 2025. Current inventory levels are healthy, and the company will achieve growth based on a lower baseline. The bank expects fiscal year 2025.
Tsingtao Brewery Sales Expected to Grow on Likely Price Increases -- Market Talk
Tsingtao Brewery Target Price Raised to HK$61.31 From HK$59.00 by China Galaxy International >0168.HK
