Data Gold July 26th, HSBC research published a report, expecting beer stocks to stabilize but uneven this year, with beer companies that have more contact with the mass market coming out on top. The bank believes that industry valuation is attractive, and if the third quarter performance improves, there is a chance for re-evaluation. The bank prefers CR Beer (00291.HK) and Tsingtao Brewery (00168.HK), both rated as 'buy', believing that they will benefit from the third quarter's rebound in sales volume from a low base, as well as continuous sales improvement in the mass market under product portfolio upgrades. APAC Budweiser (01876.HK) is rated as 'hold'. CR Beer's target price is lowered from HK$45.5 to HK$37.8, Tsingtao Brewery's target price is lowered from HK$70.5 to HK$64.1, and APAC Budweiser's target price is lowered from HK$11.4 to HK$10.5.
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Penelitian HSBC: Menurunkan target harga saham bir, lebih suka bir yang kaya dan bir hijau
Data Gold July 26th, HSBC research published a report, expecting beer stocks to stabilize but uneven this year, with beer companies that have more contact with the mass market coming out on top. The bank believes that industry valuation is attractive, and if the third quarter performance improves, there is a chance for re-evaluation. The bank prefers CR Beer (00291.HK) and Tsingtao Brewery (00168.HK), both rated as 'buy', believing that they will benefit from the third quarter's rebound in sales volume from a low base, as well as continuous sales improvement in the mass market under product portfolio upgrades. APAC Budweiser (01876.HK) is rated as 'hold'. CR Beer's target price is lowered from HK$45.5 to HK$37.8, Tsingtao Brewery's target price is lowered from HK$70.5 to HK$64.1, and APAC Budweiser's target price is lowered from HK$11.4 to HK$10.5.