China Resources Beverage Likely to Face Challenging 2026 -- Market Talk

Dow Jones03-31 15:48

0748 GMT - China Resources Beverage is likely to face a challenging 2026, says Morningstar's Jacky Tsang in a note. The Chinese bottled-water producer could see further margin pressure from higher input costs this year. Higher sales and marketing expenses may persist as the company could step up its brand investment, the analyst adds. Peer Nongfu Spring is likely to remain aggressive in pursuing packaged-water sales, he adds. Tsang trims his 2026-2029 earnings projections on China Resources Beverage by 26% on average to reflect a lower 2025 revenue base and reduced margin estimates. Morningstar cuts its fair value estimate by 20% to HK$12.00. Shares fall 1.2% to HK$8.74. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

March 31, 2026 03:48 ET (07:48 GMT)

At the request of the copyright holder, you need to log in to view this content

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/2623930999?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-31 15:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2623930999","market":"other","top_or_hot":-1,"title":"China Resources Beverage Likely to Face Challenging 2026 -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0748 GMT - China Resources Beverage is likely to face a challenging 2026, says Morningstar's Jacky Tsang in a note. The Chinese bottled-water producer could see further margin pressure from higher input costs this year. Higher sales and marketing expenses may persist as the company could step up its brand investment, the analyst adds. Peer <a href=\"https://laohu8.com/S/NNFSF\">Nongfu Spring</a> is likely to remain aggressive in pursuing packaged-water sales, he adds. Tsang trims his 2026-2029 earnings projections on China Resources Beverage by 26% on average to reflect a lower 2025 revenue base and reduced margin estimates. Morningstar cuts its fair value estimate by 20% to HK$12.00. Shares fall 1.2% to HK$8.74. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 31, 2026 03:48 ET (07:48 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"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>China Resources Beverage Likely to Face Challenging 2026 -- Market Talk</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\">\nChina Resources Beverage Likely to Face Challenging 2026 -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-31 15:48</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0748 GMT - China Resources Beverage is likely to face a challenging 2026, says Morningstar's Jacky Tsang in a note. The Chinese bottled-water producer could see further margin pressure from higher input costs this year. Higher sales and marketing expenses may persist as the company could step up its brand investment, the analyst adds. Peer <a href=\"https://laohu8.com/S/NNFSF\">Nongfu Spring</a> is likely to remain aggressive in pursuing packaged-water sales, he adds. Tsang trims his 2026-2029 earnings projections on China Resources Beverage by 26% on average to reflect a lower 2025 revenue base and reduced margin estimates. Morningstar cuts its fair value estimate by 20% to HK$12.00. Shares fall 1.2% to HK$8.74. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 31, 2026 03:48 ET (07:48 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1200","symbol_name":"软饮料","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2623930999","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2623930999","pubTimestamp":1774943280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0748 GMT - China Resources Beverage is likely to face a challenging 2026, says Morningstar's Jacky Tsang in a note. The Chinese bottled-water producer could see further margin pressure from higher input costs this year. Higher sales and marketing expenses may persist as the company could step up its brand investment, the analyst adds. Peer Nongfu Spring is likely to remain aggressive in pursuing packaged-water sales, he adds. Tsang trims his 2026-2029 earnings projections on China Resources Beverage by 26% on average to reflect a lower 2025 revenue base and reduced margin estimates. Morningstar cuts its fair value estimate by 20% to HK$12.00. Shares fall 1.2% to HK$8.74. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1200":"软饮料","02460":"华润饮料"},"translate_title":"华润饮料可能面临充满挑战的2026年——市场谈","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02460":0.9},"content_text":"0748 GMT - China Resources Beverage is likely to face a challenging 2026, says Morningstar's Jacky Tsang in a note. The Chinese bottled-water producer could see further margin pressure from higher input costs this year. Higher sales and marketing expenses may persist as the company could step up its brand investment, the analyst adds. Peer Nongfu Spring is likely to remain aggressive in pursuing packaged-water sales, he adds. Tsang trims his 2026-2029 earnings projections on China Resources Beverage by 26% on average to reflect a lower 2025 revenue base and reduced margin estimates. Morningstar cuts its fair value estimate by 20% to HK$12.00. Shares fall 1.2% to HK$8.74. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 31, 2026 03:48 ET (07:48 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","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,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"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":"4.38.0","shortVersion":"4.38.0","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/2623930999","isCrawlerRequest":true}