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<Research>CLSA: Resignation of CHINA RES BEER Chair Affects ST Sentiment; TP $30.4
CHINA RES BEER (00291.HK) announced the resignation of Chairman Hou Xiaohai, confirming market speculation, a research report by CLSA wrote. Executive Director and President Zhao C...
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<Research>CLSA: Resignation of CHINA RES BEER Chair Affects ST Sentiment; TP $30.4
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CHINA RES BEER (00291.HK)  +1.050 (+4.200%)    Short selling $123.44M; Ratio 15.361%   announced the resignation of Chairman Hou Xiaohai, confirming market speculation, a research report by CLSA wrote. Executive Director and President Zhao Chunwu will temporarily assume the chairman's duties, but uncertainty remains regarding the new successor.

Short-term sentiment may experience some pressure, said the broker, while noting that the group's monthly sales YTD have met expectations, with its Heineken brand still achieving double-digit YoY growth. The broker set a target price of HKD30.4 and an Outperform rating on CHINA RES BEER.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-02 16:25.)

Related NewsM Stanley: Resignation of CHINA RES BEER (00291.HK) Chairman Unlikely to Cause Major Strategic Changes

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