The HSBC Research Report expects that beer stocks will be stable but uneven this year, with beer merchants with more exposure to the mass market outperforming. The bank believes that the industry valuation is attractive, and if the performance improves in the third quarter, it is expected to be reevaluated. The bank prefers China Resources Beer (00291.HK) and Tsingtao Brewery (00168.HK), both of which are rated as "buy", believing that they will benefit from the rebound in third-quarter sales from a low base and the continuous improvement of sales in the mass market under product portfolio upgrades. Budweiser APAC (01876.HK) is rated as "hold". The target price for China Resources Beer is adjusted from HKD 45.5 to HKD 37.8, and the target price for Tsingtao Brewery is adjusted from HKD 70.5 to HKD 64.1. The target price for Budweiser APAC is adjusted from HKD 11.4 to HKD 10.5.
Xem bản gốc
Trang này có thể chứa nội dung của bên thứ ba, được cung cấp chỉ nhằm mục đích thông tin (không phải là tuyên bố/bảo đảm) và không được coi là sự chứng thực cho quan điểm của Gate hoặc là lời khuyên về tài chính hoặc chuyên môn. Xem Tuyên bố từ chối trách nhiệm để biết chi tiết.
Nghiên cứu của HSBC: Giảm mục tiêu giá cổ phiếu bia, ưu tiên bia ngon và bia xanh
The HSBC Research Report expects that beer stocks will be stable but uneven this year, with beer merchants with more exposure to the mass market outperforming. The bank believes that the industry valuation is attractive, and if the performance improves in the third quarter, it is expected to be reevaluated. The bank prefers China Resources Beer (00291.HK) and Tsingtao Brewery (00168.HK), both of which are rated as "buy", believing that they will benefit from the rebound in third-quarter sales from a low base and the continuous improvement of sales in the mass market under product portfolio upgrades. Budweiser APAC (01876.HK) is rated as "hold". The target price for China Resources Beer is adjusted from HKD 45.5 to HKD 37.8, and the target price for Tsingtao Brewery is adjusted from HKD 70.5 to HKD 64.1. The target price for Budweiser APAC is adjusted from HKD 11.4 to HKD 10.5.