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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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Chinese Beer Companies at Record Highs as Industry Recovers

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08/16/2019 | 03:20am EDT

By Yifan Wang

Tsingtao Brewery Co shares rose to the highest point since April 2015 during intra-day trading on Friday, as investors welcome its better-than-expected earnings posted Thursday, which gained 25% in the six months ended June.

Tsingtao's share price has surged as much as 15% to HK$55.00, adding 9.46 billion Hong Kong dollars (US$1.21 billion) to the market capitalization of the company.

Another beer company listed in Hong Kong, China Resources Beer (Holdings) Co. (0291.HK), has also traded 9.8 % higher to a 14-month record after its net profit rose 20% in the first half of the year. The company has gained HK$11.52 billion in market capitalization from the share rise.

The breweries' upbeat results have boosted investor confidence in the industry's overall recovery from soft product prices, China Securities says, adding recent tax cuts also help to lift beer companies' profits above market expectation.

Write to Yifan Wang at yifan.wang@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CHINA RESOURCES BEER HOLDINGS CO LTD 1.91% 42.75 End-of-day quote.57.17%
CHINA SECURITIES CO LTD -3.70% 25 End-of-day quote.198.05%
CITIC LTD -0.20% 10.08 End-of-day quote.-16.97%
TSINGTAO BREWERY CO LTD 1.39% 50.39 End-of-day quote.42.57%
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Financials (HKD)
Sales 2019 38 132 M
EBIT 2019 3 587 M
Net income 2019 2 212 M
Finance 2019 2 494 M
Yield 2019 0,62%
P/E ratio 2019 61,0x
P/E ratio 2020 39,5x
EV / Sales2019 3,57x
EV / Sales2020 3,27x
Capitalization 139 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 41,45  HKD
Last Close Price 42,75  HKD
Spread / Highest target 14,4%
Spread / Average Target -3,04%
Spread / Lowest Target -43,9%
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$)
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