China Resources Beer Likely to Face Headwinds in 2H
Dow Jones
Aug 20
0406 GMT - China Resources Beer's 2H sales outlook faces headwinds from continued weakness in consumer sentiment and unfavorable weather, Deutsche Bank analyst Han Zhang says in a note. The bank cuts its 2026-2028 recurring Ebitda estimates on the beer maker by more than 8% on average and lowers its medium-term growth assumption to 5% from 7%, citing weak domestic demand and a slower-than-expected baijiu recovery. Deutsche Bank lowers its target price on China Resources Beer to HK$34.60 from HK$39.00 while maintaining its buy rating. Shares are down 2.0% at HK$20.64.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.