Bank of America Securities: Maintain Tsingtao Brewery (00168) "buy" rating and raise target price to HK $96

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Bank of America Securities: Maintain Tsingtao Brewery (00168) "buy" rating and raise target price to HK $96

智通财经网2023-03-23

Zhitong Finance APP learned that Bank of America Securities issued a research report stating that it maintains the "buy" rating of Tsingtao Brewery (00168), and raises the earnings per share for this year and next year by 7% each, reflecting the recovery of demand after the epidemic. The target price is raised from HK $94.5 To 96 Hong Kong dollars, it is believed that the valuation is attractive, and the H-share stock price still has room to rise. According to the report, the group's revenue, net profit after tax and core net profit after tax in the fourth quarter of last year fell by 10%, 22% and 36% respectively. Its revenue performance was slightly worse than the bank's expectations, but its profit was better than expected. At the same time, a special dividend of RMB 0.5 per share was distributed, and the dividend payout ratio rose from 48% to 66%...

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According to the report, the group's revenue, net profit after tax and core net profit after tax in the fourth quarter of last year fell by 10%, 22% and 36% respectively. Its revenue performance was slightly worse than the bank's expectations, but its profit was better than expected. At the same time, a special dividend of RMB 0.5 per share was distributed, and the dividend payout ratio rose from 48% to 66%...</p><p><a href=\"http://www.zhitongcaijing.com/content/detail/896969.html\">Web link</a></div></p>","source":"highlight_zhitongcaijin","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>Bank of America Securities: Maintain Tsingtao Brewery (00168) \"buy\" rating and raise target price to HK $96</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nBank of America Securities: Maintain Tsingtao Brewery (00168) \"buy\" rating and raise target price to HK $96\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2023-03-23 10:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Zhitong Finance APP learned that Bank of America Securities issued a research report stating that it maintains the \"buy\" rating of Tsingtao Brewery (00168), and raises the earnings per share for this year and next year by 7% each, reflecting the recovery of demand after the epidemic. 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