00168 TSINGTAO BREW
- 61.200
- -0.500-0.81%
TSINGTAO BREW News
Guotai Junan: First payment for Tsingtao Brewery (00168.HK) “increased holdings” rating, and the profit margin is expected to reach another record high
Guotai Junan released a research report stating that Tsingtao Brewery Co., Ltd. (00168.HK) was granted an “increase in holdings” rating, and the compound profit growth rate is expected to be 13.48% from 2024 to 2026. There is a clear trend of structural upgrading, declining costs, and stable competition in the beer industry. In this context, it is expected that returns to the company's shareholders will gradually increase, category expansion and large single products will continue to gain strength, and tonnage prices and profit margins may reach new highs. The bank expects the Group's earnings forecasts for 2024 to 2026 to be $3.66, 4.16 and $4.71, respectively.
Research Nuggets｜Cathay Pacific Junan: First Tsing Beer “Increase” Rating Expected Profit Margin Is Expected to Reach a New High
Glonghui, May 14 | Guotai Junan released a report that gave Tsing Beer an “increase in share” rating for the first time. The compound profit growth rate is expected to be 13.48% from 2024 to 2026. According to the report, there is a clear trend of structural upgrading, declining costs, and a stable competitive pattern in the beer industry. In this context, it is expected that returns to the company's shareholders will gradually increase, category expansion and large single products will continue to gain strength, and tonnage prices and profit margins may reach new highs. The bank expects the Group's earnings forecasts for 2024 to 2026 to be $3.66, 4.16 and $4.71, respectively. The bank indicates that during the downward cost cycle last year, the company's cost pressure was relieved, and the structural upgrade effect
Xiaomo increased its holdings of Tsingtao Brewery (00168.HK) by approximately 1,642,100 shares at a price of HK$60.76 per share
According to the latest information from the Stock Exchange, on May 6, J.P. Morgan Chase increased its holdings of Tsingtao Brewery (00168.HK) by 1,642.1.45 million shares, at a price of HK$60.76 per share, for a total amount of about HK$99.7767 million. The latest number of shares held after the increase was 33.6934 million shares, and the latest shareholding ratio was 5.14%.
Express News | Huajin Securities: Beer companies' performance is expected to continue to boost
Tsingtao Brewery Co., Ltd. (00168.HK) received 1.6421 million shares from J.P. Morgan Chase
Gelonghui, May 13 | According to the latest equity disclosure data on the Stock Exchange, on May 6, 2024, Tsingtao Brewery Co., Ltd. (00168.HK) obtained JPMorgan Chase & Co. increased its position by 1.6421 million shares at an average price of HK$60.76 per share, involving approximately HK$99.7767 million. After the increase in holdings, JPMorgan Chase & Co.'s latest number of open positions was 33.6934 million shares, and the holding ratio increased from 4.89% to 5.14%.
Tsingtao Brewery Co., Ltd. (0168.HK) First Coverage Report: Upgrade-Driven Strategy Focuses on Steady Growth and Prioritize Shareholder Returns
Investment advice: First coverage, with an “increase in weight” rating. There is a clear trend of structural upgrading, declining costs, and stable competition in the beer industry. In this context, we expect that the company's shareholder returns will gradually increase, category expansion and large single products will continue to gain strength, tons
Tsingtao Brewery (600600): Short-term sales are under pressure in Q1, and profit levels have increased significantly
Incident: The company released its report for the first quarter of 2024 on April 29, 2024. 2024Q1 achieved revenue of 10.150 billion yuan, -5.19% year-on-year, and net profit attributed/withheld from mother 15.97/15.
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 +
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