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<Research>G Sachs Tweaks Down CHINA RES BEER's TP to HKD34.73; View Turns Positive After Results Meeting
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According to a report from Goldman Sachs, the broker has become more positive on CHINA RES BEER (00291.HK) after attending the company's results release meeting. CHINA RES BEER's management reiterated their commitment to advancing premiumization and has prepared for the gradual recovery of the dining channel in 2H26 with product promotions and new product launches. They also reaffirmed the medium-term dividend payout ratio target increase to 60-70%. Considering the increased cost pressure in the outer years, Goldman Sachs has cut its target price for CHINA RES BEER from HKD35.4 to HKD34.73. However, it has reiterated the Buy rating, believing that the current risk-reward ratio is attractive. AAStocks Financial News |
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