According to the Wisdom Finance app, beer stocks continued to rebound. As of the time of writing, China Resources Beer (00291) rose by 7.69% to HKD 25.9; Tsingtao Brewery (00168) rose by 6.28% to HKD 45.7; Bud APAC (01876) rose by 4.85% to HKD 8.43.

On the news front, the National Bureau of Statistics released data showing that the national output of beer for large-scale enterprises in August was 3.585 million kiloliters, down 3.3% year-on-year but a decrease from July; the output from January to August was 26.376 million kiloliters, a decrease of 1.2% year-on-year; in August, the average price of imported barley increased by 16% year-on-year and 1% from the previous month. Tianfeng Securities pointed out that with the back-to-school season approaching, various companies are actively marketing and the Mid-Autumn Festival and National Day will drive the gift-giving scene. Attention is focused on the stockpiling and sales progress of related varieties and channels.

Donghai Securities pointed out that in terms of demand, beer sales in the first half of the year were under pressure due to factors such as macroeconomics and weather, leading to differentiated performance among beer companies. In the second half of the year, with the catalyst of the peak season and the impact of a low base, beer sales are expected to improve. In terms of costs, this year the cost advantage of raw materials such as barley continues to be realized. As of August, the price of imported barley has decreased by 16% year-on-year, showing the resilience of the beer sector's profits. In the long term, the trend towards high-end in the beer industry remains unchanged.