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Changes in Hong Kong stocks | The collective recovery of beer stocks during the peak season catalyzes falling costs or releasing dividends, and there is still plenty of room for high-end beer
Beer stocks picked up collectively. As of press release, Tsingtao Brewery shares (00168) rose 3.6% to HK$53.3; China Resources (00291) rose 2.49% to HK$32.9; and Budweiser Asia Pacific (01876) rose 1.42% to HK$10.02.
Budweiser Asia Pacific (1876.HK): High sales base may put pressure on 1H24 in the short term, but the outlook for the whole year remains unchanged
1Q23 The high sales base in the Chinese and Korean markets may drag down Budweiser Asia Pacific's 1H24 sales performance. Management anticipates that a high single-digit increase in the average sales price in 1Q24 will drive further expansion of gross margin and maintain normalized profit before interest and tax
Changes in Hong Kong stocks | Budweiser Asia Pacific (01876.HK) fell more than 4% to hit a new low. Major banks all expect the company's sales volume in the Chinese and Korean markets to decline in the first quarter
Budweiser Asia Pacific (01876.HK) fell more than 4% in the intraday period, hitting a record low of HK$10.32. As of press release, it decreased by 3.72% to HK$10.36, with a turnover of HK$120 million.
Fangzheng Securities: There is still plenty of room for high-end beer to welcome value layout opportunities under undervaluation
Fangzheng Securities released a research report saying that there is still plenty of high-end space and strong certainty. The current valuation is at a historically low level, which has ushered in value layout opportunities. The bank believes that the current leading valuation has fallen back to a low level of nearly five years, and there are value layout opportunities. It is recommended to focus on China Resources Beer (00291.HK), which has “an alpha single product Heinekinek+strong channel control”; Tsingtao Brewery (600600.SH), which “has strong control over the base market and obvious acceleration of the non-base market”; “the reform process is accelerated and profits continue to be realized” Yanjing Beer (000729.SZ); the emphasis on “continuous channel reform, outstanding brand matrix characteristics”
Fangzheng Securities: There is still plenty of high-end space, and the beer sector ushered in value layout opportunities
According to Fangzheng Securities, there is still plenty of room for high-end beer and strong certainty. Currently, the beer industry's valuation is at a historically low level, ushering in value layout opportunities.
Hong Kong stocks closed up 0.57%, the Tech Index closed up 0.98%; Xinyi Solar rose more than 5%, NetEase rose more than 4%, and Xinao Energy, Budweiser Asia Pacific, and SMIC all rose more than 3%.
Hong Kong stocks closed up 0.57%, the Tech Index closed up 0.98%; Xinyi Solar rose more than 5%, NetEase rose more than 4%, and Xinao Energy, Budweiser Asia Pacific, and SMIC all rose more than 3%.
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