Some Confidence Is Lacking In China Resources Beer (Holdings) Company Limited's (HKG:291) P/E

Simply Wall St.01-04

There wouldn't be many who think China Resources Beer (Holdings) Company Limited's (HKG:291) price-to-earnings (or "P/E") ratio of 13.3x is worth a mention when the median P/E in Hong Kong is similar ...

Source Link

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/2600045906?lang=en_US&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/5111000-choice2-main-header/1585186902639","is_english":true,"pubTime":"2026-01-04 08:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2600045906","market":"hk","top_or_hot":-1,"title":"Some Confidence Is Lacking In China Resources Beer (Holdings) Company Limited's (HKG:291) P/E","media":"Simply Wall St.","content":"<div>\n<p>There wouldn't be many who think China Resources Beer (Holdings) Company Limited's (HKG:291) price-to-earnings (or \"P/E\") ratio of 13.3x is worth a mention when the median P/E in Hong Kong is similar ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/food-beverage-tobacco/hkg-291/china-resources-beer-holdings-shares/news/some-confidence-is-lacking-in-china-resources-beer-holdings\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Some Confidence Is Lacking In China Resources Beer (Holdings) Company Limited's (HKG:291) P/E</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\">\nSome Confidence Is Lacking In China Resources Beer (Holdings) Company Limited's (HKG:291) P/E\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-04 08:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/food-beverage-tobacco/hkg-291/china-resources-beer-holdings-shares/news/some-confidence-is-lacking-in-china-resources-beer-holdings><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There wouldn't be many who think China Resources Beer (Holdings) Company Limited's (HKG:291) price-to-earnings (or \"P/E\") ratio of 13.3x is worth a mention when the median P/E in Hong Kong is similar ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/food-beverage-tobacco/hkg-291/china-resources-beer-holdings-shares/news/some-confidence-is-lacking-in-china-resources-beer-holdings\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B5MMRT66.SGD","symbol_name":"NEUBERGER BERMAN CHINA EQUITY \"A\" (SGDHDG) ACC","start_time":0,"source_url":"https://simplywall.st/stocks/hk/food-beverage-tobacco/hkg-291/china-resources-beer-holdings-shares/news/some-confidence-is-lacking-in-china-resources-beer-holdings","article_id":"2600045906","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/5111000-choice2-main-header/1585186902639"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/food-beverage-tobacco/hkg-291/china-resources-beer-holdings-shares/news/some-confidence-is-lacking-in-china-resources-beer-holdings","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2600045906","pubTimestamp":1767485061,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"There wouldn't be many who think China Resources Beer (Holdings) Company Limited's ( HKG:291 ) price-to-earnings (or...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"80291":"华润啤酒-R","IE00B5MMRT66.SGD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (SGDHDG) ACC","LU1769817179.HKD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERG MARKETS OPPO \"P\" (HKD) INC","IE0031814852.USD":"FSSA GREATER CHINA GROWTH \"I\" (USD) ACC","IE0008369823.USD":"FSSA HONG KONG GROWTH \"I\" ACC","00291":"华润啤酒","BK1589":"北水核心资产","IE00B0169L03.USD":"FSSA ASIA FOCUS FUND \"I\" (USD) ACC","IE00BPRC5H50.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) INC","IE00B29SXG58.USD":"FSSA CHINA FOCUS \"I\" (USD) ACC","LU0328353924.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERGING MARKETS OPPORTUNITY (USD) \"P\" (USD) ACC","BK1578":"个体经济","LU0359201612.USD":"贝莱德中国基金A2","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","IE0008368742.USD":"首域中国增长基金I Acc","IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","LU1720050803.USD":"安联全方位中国股票基金","IE00B031HY20.USD":"FSSA CHINA GROWTH \"I\" (USD) INC","BK1570":"华润系","BK1583":"高瓴概念","BK1604":"节假日概念","BK1180":"啤酒酿造商","BK1510":"啤酒","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","CRHKY":"华润啤酒ADR","BK1521":"挪威政府全球养老基金持仓","LU1769817096.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERG MARKETS OPPO \"P\" (USD) INC","SG9999006514.SGD":"United Asia Consumer Fund SGD"},"translate_title":"对华润啤酒（控股）有限公司（HKG：291）的市盈率缺乏信心","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80291":0.6,"CRHKY":0.6,"00291":1.5},"content_text":"There wouldn't be many who think China Resources Beer (Holdings) Company Limited's (HKG:291) price-to-earnings (or \"P/E\") ratio of 13.3x is worth a mention when the median P/E in Hong Kong is similar at about 12x.  Although, it's not wise to simply ignore the P/E without explanation as investors may be disregarding a distinct opportunity or a costly mistake.    This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.  China Resources Beer (Holdings) certainly has been doing a good job lately as it's been growing earnings more than most other companies.   It might be that many expect the strong earnings performance to wane, which has kept the P/E from rising.  If not, then existing shareholders have reason to be feeling optimistic about the future direction of the share price.      See our latest analysis for China Resources Beer (Holdings) SEHK:291 Price to Earnings Ratio vs Industry January 4th 2026 Want the full picture on analyst estimates for the company? Then our free report on China Resources Beer (Holdings) will help you uncover what's on the horizon.   Does Growth Match The P/E?   The only time you'd be comfortable seeing a P/E like China Resources Beer (Holdings)'s is when the company's growth is tracking the market closely.   Retrospectively, the last year delivered a decent 12% gain to the company's bottom line.   This was backed up an excellent period prior to see EPS up by 42% in total over the last three years.  Accordingly, shareholders would have probably welcomed those medium-term rates of earnings growth.     Turning to the outlook, the next three years should generate growth of 3.9%  per year as estimated by the analysts watching the company.  That's shaping up to be materially lower than the 13% each year growth forecast for the broader market.  With this information, we find it interesting that China Resources Beer (Holdings) is trading at a fairly similar P/E to the market.  Apparently many investors in the company are less bearish than analysts indicate and aren't willing to let go of their stock right now.  Maintaining these prices will be difficult to achieve as this level of earnings growth is likely to weigh down the shares eventually.    The Bottom Line On China Resources Beer (Holdings)'s P/E  Generally, our preference is to limit the use of the price-to-earnings ratio to establishing what the market thinks about the overall health of a company.  We've established that China Resources Beer (Holdings) currently trades on a higher than expected P/E since its forecast growth is lower than the wider market.  Right now we are uncomfortable with the P/E as the predicted future earnings aren't likely to support a more positive sentiment for long.  Unless these conditions improve, it's challenging to accept these prices as being reasonable.      It is also worth noting that we have found 1 warning sign for China Resources Beer (Holdings) that you need to take into consideration.   If you're unsure about the strength of China Resources Beer (Holdings)'s business, why not explore our interactive list of stocks with solid business fundamentals for some other companies you may have missed. The New Payments ETF Is Live on NASDAQ:Money is moving to real-time rails, and a newly listed ETF now gives investors direct exposure. Fast settlement. Institutional custody. Simple access.Explore how this launch could reshape portfoliosSponsored ContentNew: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"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,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","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/2600045906","isCrawlerRequest":true}