Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi: CHINA RES BEER Chairman's Resignation Removes Overhang; 30D Upside Catalyst Watch Initiated
Recommend 11 Positive 16 Negative 8 |
||||
|
||||
|
CHINA RES BEER (00291.HK) announced the resignation of Hou Xiaohai as Chairman of the Board, removing overhang regarding its stock price, Citi said in its research report. Overall, this has not affected confidence in the future sustainable growth of CHINA RES BEER. Citi expected the brewer's business to achieve low-teens EBIT growth in 1H25, with revenue maintaining a slight single-digit growth, outperforming BUD APAC (01876.HK)'s China business. Citi initiated a 30-day upside Catalyst Watch on CHINA RES BEER, with revised industry preferences as follows: CHINA RES BEER (Buy; TP: HKD35.6)> BUD APAC (Buy) = TSINGTAO BREW (00168.HK) (Buy). AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
