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招银国际:上调青岛啤酒股份目标价至92.9港元 评级买入

CMB International: Raising the target price of Tsingtao Brewery shares to HK$92.9 for purchase

Breakings ·  May 11, 2023 16:25

According to a report published by CMB International, Tsing Beer's performance in the first quarter was steady and showed that the company is committed to product optimization and more cost-effective operations. Even though the market talks about weak beer sales in April, Tsing Beer recorded a low double-digit increase in April sales, which is encouraging. Looking ahead, the bank believes that the next quarter will be an important quarter for the beer industry. The main thing is that the quarterly replenishment momentum can effectively measure demand during the peak season, so it can be predicted that Tsing Beer's profit will rise. This also explains the recent recovery in stock profits, which is expected to continue until the second quarter. Despite this, the bank maintained ratings for buying and believes that Tsing Beer and China Resources Brewery are the top choices in their industry, raising their target price from HK$89.9 to HK$92.9.

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