[ET Net News Agency, 19 August 2021] Credit Suisse raised its target price for China
Res Beer (00291) to HK$84 from HK$82 and maintained its "outperform" rating.
The research house said China Res Beer remains its top pick in the China beer space. It
sees a clear path for the company to deliver 24% EBITDA CAGR in 2020-23E, underpinned by
its robust premiumisation trend. (RC)