[ET Net News Agency, 10 November 2017] Daiwa Research raised its target price for China
Resources Beer (CRB)(00291) to HK$24.8 from HK$20.7, and maintained its "outperform"
rating.
The research house cited CRB's management saying that the revenue momentum for mid-range
beers improving in 3Q versus 1H, mainly driven by the higher-ASP products.
Over 2H 2017-2018, CRB's gross margin could remain under continual pressure from more
expensive packaging (for product mix upgrade) and logistics costs. However, in the longer
term, as markets continue to consolidate and CRB rationalises its production and
distribution network, Daiwa expects its EBITDA margin to improve and catch up with peers'.
(KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00291 CRES BEER-500
Nominal 
36.350 +0.950 (+2.684%) Others
10/11/2017 10:37
[I-bank focus]Daiwa ups CR Beer (00291) to HK$24.8
| Remark: | Real time quote last updated: 26/04/2024 18:00 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |