[ET Net News Agency, 26 April 2021] UBS lowered its target price for China Resources
Beer (00291) to HK$76.55 from HK$90 and maintained its "buy" rating.
The research house said leveraging the analysis of China's regional market share by
breweries and simulated profit pool, it finds China Resources Beer's long-term upside
potential is still the highest among top Chinese breweries due to its strong distribution
capabilities. (RC)