Stock Track | Tsingtao Brewery's Earnings Poised for Growth Amid Beer Sales Recovery

Stock Track2024-09-02

Analysts at China Galaxy International predict that Tsingtao Brewery's sales and net profit could rise in the second half of 2024, driven by a gradual recovery in beer sales and lower barley costs. The Chinese brewer's beer consumption is expected to increase quarter-on-quarter in the third quarter due to hot weather and the reopening of night markets.

Tsingtao Brewery's net profit rose in the second quarter, benefiting from lower barley prices, a trend that analysts anticipate will continue in the second half of the year. However, the company's second-quarter sales missed analysts' estimates, raising concerns about weak topline growth.

While maintaining an "add" rating on Tsingtao Brewery's stock, analysts at China Galaxy International have lowered their target price to HK$60.00 from HK$65.00 to reflect the concerns surrounding weak sales growth. The stock was trading 4.3% lower at HK$43.25 at the time of the report.

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1164572522?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-02 14:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1164572522","market":"hk","top_or_hot":-1,"title":"Stock Track | Tsingtao Brewery's Earnings Poised for Growth Amid Beer Sales Recovery","media":"Stock Track","content":"<html><body><p>Analysts at China Galaxy International predict that Tsingtao Brewery's sales and net profit could rise in the second half of 2024, driven by a gradual recovery in beer sales and lower barley costs. The Chinese brewer's beer consumption is expected to increase quarter-on-quarter in the third quarter due to hot weather and the reopening of night markets.</p>\n<p>Tsingtao Brewery's net profit rose in the second quarter, benefiting from lower barley prices, a trend that analysts anticipate will continue in the second half of the year. However, the company's second-quarter sales missed analysts' estimates, raising concerns about weak topline growth.</p>\n<p>While maintaining an \"add\" rating on Tsingtao Brewery's stock, analysts at China Galaxy International have lowered their target price to HK$60.00 from HK$65.00 to reflect the concerns surrounding weak sales growth. The stock was trading 4.3% lower at HK$43.25 at the time of the report.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Stock Track | Tsingtao Brewery's Earnings Poised for Growth Amid Beer Sales Recovery</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Tsingtao Brewery's Earnings Poised for Growth Amid Beer Sales Recovery\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-09-02 14:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Analysts at China Galaxy International predict that Tsingtao Brewery's sales and net profit could rise in the second half of 2024, driven by a gradual recovery in beer sales and lower barley costs. The Chinese brewer's beer consumption is expected to increase quarter-on-quarter in the third quarter due to hot weather and the reopening of night markets.</p>\n<p>Tsingtao Brewery's net profit rose in the second quarter, benefiting from lower barley prices, a trend that analysts anticipate will continue in the second half of the year. However, the company's second-quarter sales missed analysts' estimates, raising concerns about weak topline growth.</p>\n<p>While maintaining an \"add\" rating on Tsingtao Brewery's stock, analysts at China Galaxy International have lowered their target price to HK$60.00 from HK$65.00 to reflect the concerns surrounding weak sales growth. The stock was trading 4.3% lower at HK$43.25 at the time of the report.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00168","symbol_name":"青岛啤酒股份","start_time":0,"source_url":"","article_id":"1164572522","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1164572522","pubTimestamp":1725257790,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Analysts at China Galaxy International predict that Tsingtao Brewery's sales and net profit could rise in the second half of 2024, driven by a gradual recovery in beer sales and lower barley costs. The Chinese brewer's beer consumption is expected to increase quarter-on-quarter in the third quarter due to hot weather and the reopening of night markets.Tsingtao Brewery's net profit rose in the second quarter, benefiting from lower barley prices, a trend that analysts anticipate will continue in t","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00168":"青岛啤酒股份"},"translate_title":"随着啤酒销售复苏，青岛啤酒盈利有望增长","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00168":1},"content_text":"Analysts at China Galaxy International predict that Tsingtao Brewery's sales and net profit could rise in the second half of 2024, driven by a gradual recovery in beer sales and lower barley costs. The Chinese brewer's beer consumption is expected to increase quarter-on-quarter in the third quarter due to hot weather and the reopening of night markets.\nTsingtao Brewery's net profit rose in the second quarter, benefiting from lower barley prices, a trend that analysts anticipate will continue in the second half of the year. However, the company's second-quarter sales missed analysts' estimates, raising concerns about weak topline growth.\nWhile maintaining an \"add\" rating on Tsingtao Brewery's stock, analysts at China Galaxy International have lowered their target price to HK$60.00 from HK$65.00 to reflect the concerns surrounding weak sales growth. The stock was trading 4.3% lower at HK$43.25 at the time of the report.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.31.5","shortVersion":"4.31.5","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1164572522"}