On May 27, CR Beer (China Resources Beer) fell 3.27% in regular trading to HK$24.24 per share, with trading volume of approximately HK$88.24 million. The decline reflects continued selling pressure following weak full-year results and the ex-dividend date on May 26.
On the earnings front, the company previously disclosed that full-year attributable profit declined nearly 30% year-over-year, weighed down by a HK$28.77 billion goodwill impairment on its white liquor subsidiary Jinsha Distillery, which posted a net loss of HK$3.354 billion. The impairment stemmed from the deteriorating operating environment in China's baijiu sector after CR Beer acquired a 55.19% stake in Jinsha at a peak valuation of HK$12.3 billion. Additionally, southbound capital has been persistently reducing positions, with over 480,000 shares sold on May 20 alone, reflecting cautious institutional sentiment.
Within the Brewers sector, the broader group traded lower. Among peers, Tsingtao Brewery fell 1.17%, Budweiser APAC declined 1.11%, and China Resources Beer-R dropped 3.4%, while San Miguel HK was flat.
(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.)
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