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

WSJApr 30 16:00

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

Dow JonesApr 30 15:52

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.

Zhitong FinanceApr 30 15:39

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

Gelonghui FinanceApr 30 10:22

青島啤酒股份：2024年第一季度報告

Futu NewsApr 29 21:24 · Announcements

王朝酒業：2023年報

Futu NewsApr 29 19:23 · Announcements