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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  China Resources Beer Holdings Co Ltd    0291   HK0291001490

CHINA RESOURCES BEER HOLDINGS CO LTD

(0291)
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China Resources Beer 1st Half Net Profit Rose 20%

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08/16/2019 | 01:23am EDT

By Martin Mou

China Resources Beer's (0291.HK) net profit rose 20% on year in the first half, boosted by increased sales volume and higher average sale prices.

The brewer made net profit of 1.87 billion yuan ($265.9 million) in the six months to June, while revenue grew 7.2% on year to CNY18.83 billion, it said in an earnings statement Friday.

It declared an interim dividend per share of CNY0.12, up from CNY0.09 a year ago. Earnings per share for the half rose to CNY0.58 from CNY0.46.

The company expects competition in the industry to remain intense, and said it will continue bolstering its position in the premium market by leveraging its partnership with Dutch group Heineken.

China Resources Beer said it completed the acquisition of Heineken China in April.

Write to Martin Mou at martin.mou@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CHINA RESOURCES BEER HOLDINGS CO LTD 0.12% 41.6 End-of-day quote.52.94%
HEINEKEN 0.25% 97.02 Delayed Quote.25.67%
HEINEKEN HOLDING 0.17% 90.15 Delayed Quote.22.24%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.37% 7.112 Delayed Quote.3.55%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) -0.06% 7.0908 Delayed Quote.3.21%
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Financials (HKD)
Sales 2019 38 068 M
EBIT 2019 3 600 M
Net income 2019 2 290 M
Finance 2019 2 277 M
Yield 2019 0,66%
P/E ratio 2019 57,3x
P/E ratio 2020 38,5x
EV / Sales2019 3,49x
EV / Sales2020 3,18x
Capitalization 135 B
Chart CHINA RESOURCES BEER HOLDINGS CO LTD
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China Resources Beer Holdings Co Ltd Technical Analysis Chart | MarketScreener
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Technical analysis trends CHINA RESOURCES BEER HOLDI
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 41,52  HKD
Last Close Price 41,60  HKD
Spread / Highest target 17,6%
Spread / Average Target -0,20%
Spread / Lowest Target -42,3%
EPS Revisions
Managers
NameTitle
Xiao Hai Hou Chief Executive Officer & Executive Director
Lang Chen Chairman
Po Sing Lai CFO, Secretary & Executive Director
Kwing Chue Siu Independent Non-Executive Director
Ni Hium Lai Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
CHINA RESOURCES BEER HOLDINGS CO LTD52.94%17 215
ANHEUSER-BUSCH INBEV52.63%189 859
AMBEV SA26.07%73 132
HEINEKEN25.67%60 863
ASAHI GROUP HOLDINGS LTD26.36%22 518
CARLSBERG A/S43.08%21 599