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<Research>BofAS Prefers CHINA RES BEER (00291.HK) on Sector Leadership, Keeps Rating at Buy w/ TP $34.3
BofA Securities issued a research report expecting CHINA RES BEER (00291.HK)'s 1H25 results to be in line with, or slightly beat market consensus (a 7-8% growth in net profit a...
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<Research>BofAS Prefers CHINA RES BEER (00291.HK) on Sector Leadership, Keeps Rating at Buy w/ TP $34.3
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BofA Securities issued a research report expecting CHINA RES BEER (00291.HK)  +0.350 (+1.308%)    Short selling $13.11M; Ratio 9.915%   's 1H25 results to be in line with, or slightly beat market consensus (a 7-8% growth in net profit after tax), with revenue hike of about 1% (beer up by over 2%).

BofA Securities also believed that the departure of CHINA RES BEER Chairman Hou Xiaohai is unlikely to have a significant impact on the Company's operations, and was optimistic about its industry leadership, solid branding strategy and strong execution capabilities.

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The broker also believed that industry consolidation, product premiumization and output optimization will continue to drive CHINA RES BEER's margin expansion over the years.

BofA Securities kept rating at Buy on the Company due to its solid growth and estimated dividend yield of over 4%. The broker also set its target price at $34.3 based on a 50%/ 50% blend of future PE ratio ($33.7) and discounted cash flow ($34.9).
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)

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