No Data
Express News | Tsingtao brewery established Jiyuan Technology Company with a capital of 50 million, including multiple AI businesses.
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.
Tsingtao Brewery (600600): Q3 structure improved slightly, profits impacted by Feitou.
Performance in Q1-Q3 24: Revenue of 28.959 billion yuan, -6.52% year-on-year; net profit attributable to shareholders of 4.99 billion yuan, +1.67% year-on-year; non-recurring net profit of 4.686 billion yuan, +1.96% year-on-year. 24 Q3
Daiwa: Downgraded tsingtao brew (00168) rating to "hold" with target price lowered to 52.6 Hong Kong dollars
Yamato predicts that Tsingtao Brewery's sales volume and average selling price will both increase by 1% year-on-year in 2025.
Express News | Daiwa Securities SMBC Corporation has downgraded Tsingtao Brewery's H shares to hold, with a target price of 52.50 Hong Kong dollars.
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.
No Data
No Data