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Express News | KPC Pharmaceuticals, Inc.: Completed the acquisition of 51% equity in China Resources Shenghuo.
Express News | Dong-E-E-Jiao: One of the controlling shareholders' concerted actions increased the company's shareholding to 1%.
Express News | The joint venture company of CHINA RES LAND and Mediterranean has been registered with a registered capital of 19.3 billion.
In the "Great Action," China International Bank's investment rating and target price for Chinese consumer stocks (table).
China Jinling International published a research report, listing the investment ratings and target prices for Chinese Consumer stocks as follows: Stocks | Investment Rating | Target Price (HKD) BUD APAC (01876.HK) | Buy | 9.4 HKD MENGNIU DAIRY (02319.HK) | Buy | 15.8 HKD CHINA RES BEER (00291.HK) | Buy | 30.1 HKD CHINA RES DRINKS (02460.HK) | Buy | 18.22 HKD NONGFU SPRING (09633.HK) | Buy | 33.2 HKD TINGYI (00322.HK)
In "The Big Action," China International Bank recommends YUM CHINA (09987.HK) and a preferred choice of CSI SWS Food & Beverage index best choice is Kang Shi Fu (00322.HK) and China Resources Beverage (02460.HK).
China International Bank has issued a report indicating a cautiously constructive outlook for the Chinese consumer market in 2025. It believes that the recovery of the consumer market will depend on how effectively the supportive policy schemes introduced by the authorities will be transmitted and the extent of their effectiveness. It predicts that next year, the risk appetite of investors focused on demand will rise, driving a reevaluation of industry value. The bank also noted that market competition is becoming intense, therefore, when selecting stocks, it tends to favor companies with visible earnings growth in their businesses. The preferred choices in the CSI SWS Food & Beverage index are Master Kong (00322.HK) and China Resources Beverage (02460.HK), while in the dining industry, YUM CHINA (09987.HK) is the top choice.
The Beer Sector, which fell more than 4% today: Weakening fundamentals and valuations in the short term, leading undervalued leaders may welcome opportunities for 'premiumization.'
Beer remains popular in social settings, but it doesn't seem to be the same in the secondary market.
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