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<Research>Citi: CHINA RES BEER Chairman's Resignation Removes Overhang; 30D Upside Catalyst Watch Initiated
CHINA RES BEER (00291.HK) announced the resignation of Hou Xiaohai as Chairman of the Board, removing overhang regarding its stock price, Citi said in its research report. Overall,...
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<Research>Citi: CHINA RES BEER Chairman's Resignation Removes Overhang; 30D Upside Catalyst Watch Initiated
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CHINA RES BEER (00291.HK)  +1.050 (+4.200%)    Short selling $123.44M; Ratio 15.361%   announced the resignation of Hou Xiaohai as Chairman of the Board, removing overhang regarding its stock price, Citi said in its research report. Overall, this has not affected confidence in the future sustainable growth of CHINA RES BEER.

Citi expected the brewer's business to achieve low-teens EBIT growth in 1H25, with revenue maintaining a slight single-digit growth, outperforming BUD APAC (01876.HK)  +0.200 (+2.574%)    Short selling $170.87M; Ratio 55.221%   's China business.

Related NewsDBS Cuts BUD APAC (01876.HK) TP to HKD9.4, Maintains Buy Rating
Citi initiated a 30-day upside Catalyst Watch on CHINA RES BEER, with revised industry preferences as follows: CHINA RES BEER (Buy; TP: HKD35.6)> BUD APAC (Buy) = TSINGTAO BREW (00168.HK)  0.000 (0.000%)    Short selling $9.51M; Ratio 4.156%   (Buy).
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-02 16:25.)

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