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<Research>Citi Reiterates CHINA RES BEER as Industry Top Pick w/ TP Raised to HKD39.8
Recommend 1 Positive 5 Negative 3 |
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According to Citi's research report, CHINA RES BEER (00291.HK)'s 2025 core net profit, driven by the strong performance of the beer business in 2H25, grew by 20% YoY to RMB5.724 billion, 11% higher than the broker's forecast. During the period, CHINA RES BEER's beer EBIT and EBITDA recorded YoY increases of 2.4 times and 44%, respectively, highlighting the strength of the company's beer business. Reiterating CHINA RES BEER as its top pick in the Chinese beer sector, Citi has increased the company's target price from HKD38 to HKD39.8 and kept the Buy rating unchanged. AAStocks Financial News |
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