Tsingtao Brewery Poised for Sales Volume Recovery -- Market Talk
Dow Jones04-29 13:30
0530 GMT - Tsingtao Brewery is set to post a recovery in its sales volume for the rest of this year, supported by a low base, DBS Group Research analysts say in a report. The warm weather and major sports events, including the World Cup, should also support volume growth. DBS expects Tsingtao Brewery to post 2026 revenue and core profit growth of 3% and 8%, respectively. The analysts maintain a buy rating on the stock and target prices of HK$65.00 and CNY77.00. Shares are 1.1% higher at HK$53.35 and flat at CNY63.17. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
April 29, 2026 01:30 ET (05:30 GMT)
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