China Resources Beer's Earnings Outlook Seems Weak
Dow Jones
Aug 24
0349 GMT - China Resources Beer's 2026-2027 earnings outlook appears weak, UOB Kay Hian analysts say in a note. The brewer's 1H beer revenue rose 2% on year, driven by 2% sales-volume growth. However, beer sales volumes weakened in May and remained muted into July, the analysts note. They forecast beer sales volume to be roughly flat in 2026, with average selling prices rising only slightly, supported by a softer comparison base for 2H. UOB KH lowers its 2026 and 2027 revenue projections for the company by 2%. The brokerage also cuts its target price for the stock to 28.60 Hong Kong dollars from HK$30.30 while maintaining a buy rating. Shares fall 1.0% to HK$20.90.
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.