[ET Net News Agency, 26 April 2021] UBS raised its target price for Tsingtao Brewery
(00168) to HK$93.56 from HK$82.58 and maintained its "buy" rating.
The research house said based on its analysis of China regional market share by
breweries and simulated profit pool, it maintains its positive outlook on Tsingtao Brewery
given underappreciated growth outlook, driven by non-core regions' profit improvements, in
addition to its attractive valuation. (RC)