Movement Alert｜CHINA RES BEER Falls 3.02% in Regular Trading, Beer Sector Slides Amid Weakened Mid-Year Earnings Outlook

Market Focus07-31

On July 31, CHINA RES BEER fell 3.02% in regular trading, trading at HKD 23.58/share, with turnover of HKD 45.78 million. The decline came as the broader beer sector sold off collectively amid concerns over mid-year earnings pressure.

On the news front, Goldman Sachs on July 28 lowered its target price for the company to HKD 35.15, forecasting first-half net profit to decline approximately 9% year-over-year to RMB 5.29 billion. The baijiu business is expected to see sales drop 10% YoY due to weak consumer sentiment and ongoing industry destocking, dragging overall profitability. Meanwhile, a former vice president of the parent CR Group was recently expelled from the party and dismissed, creating short-term sentiment headwinds for CR-linked stocks.

Within the Brewers sector, the selloff was broad-based. Among individual stocks, BUD APAC down 4.96%, TSINGTAO BREW down 4.49%, CHINARES BEER-R down 3.97%, SAN MIGUEL HK down 2.83%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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