Movement Alert｜CHINA RES BEER Intraday Rise 3.21%, Goldman Sachs Maintains Buy Rating with Target Price Implying Over 40% Upside

Market Focus07-29

On July 29, CHINA RES BEER rose 3.21% in regular trading, trading at HK$24.44/share, with turnover of HK$106 million.

On the news front, Goldman Sachs published a research report on July 28 adjusting its target price for CHINA RES BEER to HK$35.15 while maintaining a Buy rating, implying over 43% upside from the current price. Goldman Sachs forecasts first-half revenue growth of 2% year-over-year to RMB 24.5 billion, with the beer business performing steadily as premiumization and market share gains help offset packaging material cost pressures. However, the baijiu segment is expected to see a 10% year-over-year sales decline in the first half due to weak consumer sentiment and industry destocking, weighing on overall profitability.

Separately,招商 Securities previously maintained a Strong Buy rating with a HK$28 target price, citing steady volume and price growth in the beer business and long-term growth potential from the Heineken partnership. Within the Brewers sector, BUD APAC rose 3.53%, TSINGTAO BREW rose 1.98%, and CHINARES BEER-R gained 3.13%.

(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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