Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00291 CHINA RES BEER
RTNominal down37.650 -0.300 (-0.791%)
Others

21/08/2018 09:28

[I-bank focus]Credit Suisse lifts CR Beer (00291) to HK$43.5

[ET Net News Agency, 21 August 2018] Credit Suisse raised its target price for China
Resources Beer (CRB)(00291) to HK$43.5 from HK$42.5, and maintained its "outperform"
rating.
The research house said CRB reported strong interim results, driven by successful price
increase and good control of operating expenses. It sees CRB's strategy of premiumisation
and operation optimisation has been carried out smoothly and has started to show early
signs of success.
Despite some volume loss in 1H due to strategy shift, CRB has significantly expanded its
margins with better products, and continues to reallocate capacities to make production
more efficient. Credit Suisse lifted its earnings forecasts by 2%, assuming lower expense.
(KL)

Remark: Real time quote last updated: 19/03/2024 11:26
  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
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.