According to the Wisdom Financial app, beer stocks continue to decline. As of press time, Tsingtao Brew (00168) fell 3.77%, reporting HKD 45.9; China Res Beer (00291) fell 3.75%, reporting HKD 24.35; Bud APAC (01876) fell 1.05%, reporting HKD 9.38.

According to statistics previously released by the Bureau of Statistics, in June 2024, the beer output of enterprises above designated size in China was 4.11 million kiloliters, a year-on-year decrease of 1.7% compared to the previous month's 3.535 million kiloliters, which has been continuously declining year-on-year for four months. From January to June 2024, the beer output of enterprises above designated size in China was 19.088 million kiloliters, a year-on-year increase of 0.1%.

Tianfeng Securities pointed out that beer demand still faces pressure in June, due to the impact of Southern floods and the consumption environment (June's social and retail sales growth rate also fell). The focus of demand will be on the weather and sports events such as the European Cup and Olympics in July and August. Various beer festivals and sports marketing activities will be launched to drive demand, and the decrease in barley prices will also bring cost dividends.