00168 TSINGTAO BREW
- 60.950
- +2.700+4.64%
TSINGTAO BREW News
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 (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
Tsingtao Brewery (600600): Performance exceeds expectations, structural upgrades continue
Introduction to this report: Performance exceeds expectations, structural upgrades continue, economic recovery can be expected, and costs are declining in the downward cycle. The compound profit growth rate is expected to be around 15% in 2024-26, maintaining the “increase in wealth” rating. Investment Highlights: Investment Suggestions: Performance Exceeds Expectations
Tsingtao Brewery (600600): High base suppresses sales growth, costs decline, dividends released
The company released its report for the first quarter of 2024. In the first quarter of 2024, the company achieved total operating revenue of 10.150 billion yuan, -5.19% year-on-year; realized net profit to mother of 1,597 billion yuan, +10.06 billion yuan year-on-year
Tsingtao Brewery (600600): High base, difficult to stop, high-end, cost reduction, record high performance
Incident: The company released its annual report for '23 and its quarterly report for '24. In '23, the company achieved revenue/net profit of 33.94 billion yuan/4.27 billion yuan, +5.5%/+15.0% year-on-year respectively; achieved operation in 24Q1
Tsingtao Brewery (600600) 2024 Quarterly Report Review: Release of cost dividends, revenue is expected to accelerate
Event: On April 29, 2024, the company released its 2024 quarterly report. 24Q1 The company's revenue/net profit attributable to mother/ net profit after deducting non-return to mother was 101.50/15.97/1,513 billion yuan, respectively.
Tsingtao Brewery (600600): Significant cost improvement and continued increase in profitability
Incident: Tsingtao Brewery released its report for the first quarter of 2024. 2024Q1 achieved revenue of 10.15 billion yuan, -5.19% year over year; realized net profit to mother of 1,597 billion yuan, +10.06% year over year; achieved deduction of negative
Tsingtao Brewery (600600) Company Information Update Report: Short-term sales are under pressure from a high base, focus on competition catalysts and peak season performance
Revenue declined slightly year-on-year under the high base, and profit achieved a double-digit increase in 2024Q1. The company's revenue was 10.15 billion yuan, -5.2% year over year; net profit before and after deducting net profit from mother was 15.97 billion yuan and 1,513 billion yuan, +10.06 billion yuan year on year
Express News | Tsingtao Brewery released its 2024 quarterly report, net profit increased 10.06% year on year
Outperform Rating Justified for Tsingtao Brewery Amid Strong Q4 Performance and Favorable Cost Projections
Tsingtao Brewery's 2Q-3Q Net Profit Growth Likely to Be Strong -- Market Talk
0800 GMT - Tsingtao Brewery's 2Q-3Q net profit growth is likely to be strong, thanks to an easing comparison base and a faster increase in its average selling prices, Daiwa Capital Markets analysts sa
Tsingtao Brewery Target Price Raised to HK$75.00 From HK$71.00 by Daiwa Capital Markets >0168.HK
Tsingtao Brewery Target Price Raised to HK$75.00 From HK$71.00 by Daiwa Capital Markets >0168.HK
Tsingtao Brewery (600600): Cost-side improvements in the first quarter, profit growth exceeded expectations
Incident: Tsingtao Brewery released its 2024 quarterly report. 2024Q1 achieved revenue of 10.150 billion yuan, -5.19% year-on-year, net profit to mother of 1,597 billion yuan, +10.06% year-on-year, after deducting net profit from non-return to mother
Bank of America Securities: Maintaining Tsingtao Brewery's (00168.HK) “Buy” Rating Target Price of HK$75
Bank of America Securities released a research report stating that it maintains the “buy” rating of Tsingtao Brewery Co., Ltd. (00168.HK) with a target price of HK$75. The company's revenue for the first quarter fell 5.2% year on year, slightly lower than market expectations, but profit after tax and core profit after tax rose 10.1% and 12% year over year, both exceeding market expectations for medium to high unit growth. The bank believes that strong profits are benefiting from lower raw material costs and quarterly fluctuations in sales expenses.
Bank of America Securities: Maintaining Tsingtao Brewery's (00168) “Buy” Rating Target Price of HK$75
The Zhitong Finance App learned that Bank of America Securities released a research report stating that it maintains the “buy” rating of Tsingtao Brewery Co., Ltd. (00168), with a target price of HK$75. The company's revenue for the first quarter fell 5.2% year on year, slightly lower than market expectations, but profit after tax and core profit after tax rose 10.1% and 12% year over year, both exceeding market expectations for medium to high unit growth. The bank believes that strong profits are benefiting from lower raw material costs and quarterly fluctuations in sales expenses. The bank pointed out that Tsing Beer's sales growth in the first quarter lagged behind local peers, but the situation narrowed in April, partly benefiting from a low base. However, the bank was wary of a slight increase in sales in May and June of last year
Tsingtao Brewery: Strong Financials and Cost Management Prompt a Buy Rating
Hong Kong A change丨Chongqing Brewery and Tsingtao Brewery led the beer sector, and Q1 net profit increased 16.78% and 10.06% year over year, respectively
Gelonghui April 30 | Beer stocks in Hong Kong and A rose collectively. Among them, Chongqing Beer (600132.SH) and Tsingtao Brewery AH shares both rose more than 4%, China Resources Brewery (0291.HK) rose 3%, and Yanjing Brewery (000729.SZ) rose nearly 3%. According to the financial report released last night, Chongqing Beer achieved revenue of 4.293 billion yuan in the first quarter of 2024, up 7.16% year on year; net profit to mother was 452 million yuan, up 16.78% year on year. Tsingtao Brewery's revenue for the first quarter of 2024 was 10.15 billion yuan, down 5.19% year on year; net profit to mother1
Express News | Dongwu Securities: Gives Tsingtao Brewery an initial rating for the purchase of H shares.
Tsingtao Brewery (600600) 2024 Quarterly Report Review: Cost dividend delivery performance slightly exceeded expectations
Matters: The company released its 2024 quarterly report. In 2024, the company achieved total operating income of 10.15 billion yuan, -5.2% year over year; realized net profit of 1.60 billion yuan, +10.1% year over year; realized net profit of 1.60 billion yuan, compared with the same period last year; realized the deduction of non-payment
Tsingtao Brewery (600600): Profits exceed expectations and can be expected to increase quarterly
24Q1 volume and price increases, cost improvements/cost contraction led to profit exceeding expectations 24Q1 revenue/net profit attributable to mothers/ net profit deducted from non-mother of 101.5/16.0/1.51 billion yuan, -5.2% /+10.1 billion yuan over the same period last year
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