00168 TSINGTAO BREW
- 62.300
- +0.850+1.38%
TSINGTAO BREW News
Tsingtao Brewery (600600): Product structure upgrade continues to reduce costs and dividends released
Incident: The company released its 2024 quarterly report. In 24Q1, the company achieved operating income of 10.15 billion yuan, -5.19% year-on-year, and realized net profit of 1,597 billion yuan, +10.06% year-on-year, and achieved deduction from non-return to mother
Tsingtao Brewery Co., Ltd. (00168.HK) received 1.6421 million H shares from J.P. Morgan Chase, worth approximately HK$99.7767 million
On May 10, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 10, JPMorgan Chase & Co. (JPMorgan Chase & Co.) increased its holdings of $Tsingtao Brewery shares (00168.HK) by $1.642,100 with an average price of HK$60.76 per share on the market and HK$60.6551 per share on the market, worth approximately HK$99.776,700. After the increase in holdings, J.P. Morgan Chase's latest shareholding was 36.934 million shares, and the good position ratio increased from 4.89% to 5.14%. Photo source: What does the Stock Exchange's shares disclose
Research Report Nuggets丨Guolian Securities: Tsingtao Brewery has strong growth and maintains a “buy” rating
Gelonghui, May 10 | According to the Guolian Securities Research Report, Tsingtao Brewery (600600.SH) achieved net profit of 1,597 billion yuan in the first quarter, an increase of 10.06% over the previous year. In terms of sales breakdown, the Qingdao brand is superior to other brands, and products above the middle and high-end are superior to other products. In terms of volume and price breakdown, 24Q1 achieved sales volume of 2.184 million kiloliters, a year-on-year decrease of 7.58%, and a tonnage price of 4647.44 yuan in terms of revenue, an increase of 2.58% over the previous year. The trend of high-end development in the beer industry is obvious. As a leading high-end domestic beer, the company continues to optimize its product structure and grow
Research Nuggets | Huaxing Capital: Lowering the target price of Tsingtao Brewery to the weak quarterly performance of the 81 Hong Kong heads of state
Glonghui, May 10 | Huaxing Capital released a report lowering its revenue forecast for Tsingtao Brewery by 1.3% from this year to 2026 to reflect weak performance in the first quarter, and lowered its adjusted net profit forecast by 3.1% for this year to reflect a slowdown in operating leverage. Using the adjusted corporate value ratio of 12 times as a reference, the bank reduced the target price from HK$101 to HK$81, maintaining a “buy” investment rating. The bank believes that the company's first-quarter results were relatively weak, sales volume fell rapidly, and the average sales price increase of 2.4% fell short of expectations, even though profit margins continued to expand in a favorable cost environment with rising sales prices. This bank refers to the average selling price of the company's products
Tsingtao Brewery (600600): Cost Optimization and Higher Tonnage Prices Drive Profit Growth
Incident: The company released its 2024 quarterly report. In 24Q1, the company achieved revenue of 10.150 billion yuan, a year-on-year decrease of 5.19%, and realized net profit to mother of 1,597 billion yuan, an increase of 10.06% over the previous year, and achieved net deductions
A quick look at the Hong Kong market | The three major indices rose sharply, and the Tech Index rose nearly 2%; TechNet stocks and Apple concept stocks improved, Meituan rose nearly 4%, and BYD Electronics rose more than 9%
Domestic housing stocks were popular. Shimao Group rose more than 33%, and Sunac China rose 10%; beer stocks rose by many stocks, China Resources Beer rose nearly 5%, and Budweiser Asia Pacific rose 4%.
Changes in Hong Kong stocks | China Resources Brewery (00291) rose more than 5%, leading the rise in beer stocks and restaurants driving demand growth for beer and other products, and there is a clear trend of improvement in the industry
Beer stocks picked up in early trading. As of press release, China Resources Brewery (00291) rose 5.03% to HK$38.65; Budweiser Asia Pacific (01876) rose 3.45% to HK$11.38; and Tsingtao Brewery shares (00168) rose 3.02% to HK$61.4.
Hong Kong Stock Concept Tracking | May Day “Tastebuds Tour” became a new consumer trend, and the beer sector received attention (with concept stocks)
The May Day dining scene has led to an increase in demand for products such as beer, condiments, and prepared dishes.
Dongwu Securities: There is a clear trend of monthly improvement in the beer sector with a low and high operating pace in '24
According to a research report released by Dongwu Securities, the 2024Q1 beer sector's performance exceeding expectations is a positive sign. Judging from the pace of business, the beer sales base was high and low in 2023, corresponding to the low and high levels of the 2024 business pace. The trend of improvement is clear month by month.
Tsingtao Brewery (600600): High base smoothly through peak season and flexibility can be expected
incident. The company released its 2024 quarterly report: 1Q24 achieved total operating income of 10.150 billion yuan, -5.2% year-on-year, net profit to mother of 1,597 billion yuan, +10.1% year-on-year, net profit not attributable to mothers1
Big Bank Ratings | Citibank: Lowering Tsing Beer's Target Price to 84.5 Hong Kong's quarterly performance falls short of expectations
Glonghui, May 8 | Citibank released a report saying that Tsing Beer's first quarter performance fell short of expectations and revenue performance was weak, so it lowered its net profit forecast of 2% and 1% for this year and next, and assumed sales growth of 5% and 4%. It is expected that its advertising and promotion expenses may be lower than expected, which will help short-term profits, but it will have a negative impact on its long-term brand value. Citi lowered its target price for Tsing Beer from HK$89.9 to HK$84.5, maintaining a “buy” rating. In the Chinese beer industry, the bank continues to prefer China Resources, which is the industry's first choice.
Tsingtao Brewery (600600): Profitability increased significantly under pressure on the sales side
Incident: The company released its 2024 quarterly report. 2024Q1 achieved operating income of 10.150 billion yuan, -5.19% year-on-year, and net profit to mother of 1,597 billion yuan, +10.06% year-on-year, after deducting net profit from non-return to mother
Tsingtao Brewery (600600): Q1 profit slightly exceeded expectations, sales rate reduction + cost improvement realized
24Q1 performance: The company achieved operating income of 10.150 billion yuan (-5.19% year over year); realized net profit of 1,597 billion yuan (YoY +10.06%); net profit after deducting non-return to mother of 1,513 billion yuan (year-on-year +
Express News | Dongguan Securities: Catering drives demand for beer and other products
Tsingtao Brewery (600600) 2024 Quarterly Report Review: High base affects declining revenue costs and drives profit growth
Event: The company released its report for the first quarter of 2024. Comment: The high base affected the company's 2024Q1 revenue, and declining costs led to double-digit profit growth. The company sold well during the Spring Festival this year, but considering the high base for the same period last year, company 2
Intraday Overview | The three major indices of Hong Kong stocks weakened slightly, and the pharmaceutical outsourcing concept rose against the market
Road transport stocks strengthened; Guangzhou-Shenzhen Railway shares rose more than 9%, Anhui Wantong Expressway rose more than 6%; domestic housing stocks collectively pulled back, Agile Group fell more than 6%, and Midea Real Estate fell more than 5%.
CITIC Securities: Maintaining Tsingtao Brewery's (00168) “Buy” Rating Target Price of HK$80
CITIC Securities anticipates that the core net profit of Tsingtao Brewery Co., Ltd. (00168) will continue to grow by more than 15% over the next three years.
Changes in Hong Kong stocks | Tsingtao Brewery Co., Ltd. (00168) rose more than 5%, and the company's profit in the first quarter exceeded expectations, and the trend of structural upgrading continues
Tsingtao Brewery shares (00168) rose more than 5% intraday, reaching a new high of HK$61.45 since October 2023. As of press release, it rose 4.72% to HK$61, with a turnover of HK$221 million.
Tsingtao Brewery (168.HK): Sales continue to face challenges and the trend of structural upgrading is slowing
In a situation where revenue and sales volume were weaker than that of its peers, Tsingtao Brewery 1Q24 relied on increasing average unit prices, reducing cost per ton, and saving sales expenses to drive profit margin expansion. In the end, 1Q24 recorded a 10% year-on-year increase in net profit to mother.
Tsingtao Brewery (600600): Under high base, sales are under pressure, profitability continues to increase
Incident: The company released its 2024 quarterly report. In 24Q1, the company achieved revenue of 10.15 billion yuan, -5.2% year over year; realized net profit attributable to mother of 1,597 billion yuan, +10.1% year over year; realized net profit deducted from non-mother 1
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