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    600559   CNE000001CX2

HEBEI HENGSHUI LAOBAIGAN LIQUOR CO., LTD.

(600559)
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China stocks fall as liquor makers tumble on valuation worries; Hong Kong down

06/08/2021 | 12:45am EDT

* SSEC -0.5%, CSI300 -0.8%, HSI -0.4%

* HK->Shanghai Connect daily quota used -1.4%, Shanghai->HK daily quota used 2.4%

* FTSE China A50 -1.1%

SHANGHAI, June 8 (Reuters) - China stocks fell on Tuesday, weighed down by liquor makers, as investors worried about lofty valuations and Sino-U.S. tensions.

** The CSI300 index fell 0.8% to 5,234.33 at the end of the morning session, while the Shanghai Composite Index lost 0.5% to 3,581.25.

** Falling the most, the CSI300 consumer staples index dropped 2.9%, while the CSI liquor index tumbled 5.9%.

** Anhui Yingjia Distillery and Sichuan Swellfun both slumped by their 10% daily trade limits, while Hebei Hengshui Laobaigan Liquor, Jinhui Liquor and Anhui Golden Seed Winery all fell more than 9%.

** The retreat came as the liquor index neared its record high hit in mid-February, and after the index gained 12% and 12.5% in May and April, respectively.

** "The price to earnings ratios of liquor makers, not including Moutai and Wuliangye, have reached more than 60 overall, which is way too high despite improvements in their fundamentals," said Yan Kaiwen, an analyst with China Fortune Securities.

** Yan said liquor stocks would face a big correction going forward.

** Meanwhile, U.S. President Joe Biden's order last week banning U.S. investment in certain Chinese companies is broader than a similar one signed by his predecessor Donald Trump and has a lower bar, making it easier to add more companies later.

** U.S. Secretary of State Antony Blinken on Monday signaled a possible resumption of trade and investment talks with Taiwan stalled since the Obama administration, but gave no indication of any willingness to pursue a full-scale trade pact Taipei has been seeking.

** In Hong Kong, the Hang Seng index dropped 0.4%, to 28,685.50 points, while the Hong Kong China Enterprises Index lost 0.5%, to 10,697.06. (Reporting by Luoyan Liu and Andrew Galbraith;)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ANHUI GOLDEN SEED WINERY CO., LTD. -3.87% 16.15 End-of-day quote.-16.80%
ANHUI YINGJIA DISTILLERY CO., LTD. -3.64% 41.29 End-of-day quote.18.31%
HANG SENG 1.78% 28817.59 Real-time Quote.3.97%
HEBEI HENGSHUI LAOBAIGAN LIQUOR CO., LTD. -3.01% 26.38 End-of-day quote.-16.20%
JINHUI LIQUOR CO.,LTD. -2.86% 42.15 End-of-day quote.4.10%
S&P/CITIC 300 INDEX 0.00% 4605.53 Delayed Quote.-0.32%
S&P/CITIC 50 INDEX 0.00% 4548.02 Delayed Quote.-2.79%
SICHUAN SWELLFUN CO.,LTD -4.02% 122.38 End-of-day quote.47.41%
WULIANGYE YIBIN CO.,LTD. -2.98% 290.94 End-of-day quote.-0.31%
All news about HEBEI HENGSHUI LAOBAIGAN LIQUOR CO., LTD.
06/08China stocks end lower as Sino-U.S. tensions weigh, liquor makers dive
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06/08Chinese Shares Slide at Close; Correction Risks Slam Liquor Counters
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06/08China stocks fall as liquor makers tumble on valuation worries; Hong Kong dow..
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2020Chinese Shares End Session with Losses; Liquor Makers Plunge 10%
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More news
Financials
Sales 2021 4 158 M 642 M 642 M
Net income 2021 436 M 67,4 M 67,4 M
Net Debt 2021 - - -
P/E ratio 2021 53,8x
Yield 2021 0,57%
Capitalization 23 670 M 3 656 M 3 657 M
Capi. / Sales 2021 5,69x
Capi. / Sales 2022 5,17x
Nbr of Employees -
Free-Float 63,5%
Chart HEBEI HENGSHUI LAOBAIGAN LIQUOR CO., LTD.
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Hebei Hengshui Laobaigan Liquor Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends HEBEI HENGSHUI LAOBAIGAN LIQUOR CO., LTD.
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 26,38 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
NameTitle
Zhan Gang Wang Vice Chairman & General Manager
Yan Long Liu Chairman
Xiao Ping Zhen Chairman-Supervisory Board
Dong Guang Xiao Independent Director
Shuang Cai Zhang Independent Director