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<Research>M Stanley Slightly Cuts TP for CHINA RES BEER (00291.HK) to HKD35, Holds Constructive View for 2026
The management of CHINA RES BEER (00291.HK) was cautiously optimistic on the 2026 outlook, Morgan Stanley's research report said. Beer sales volume and ASP both charted positiv...
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<Research>M Stanley Slightly Cuts TP for CHINA RES BEER (00291.HK) to HKD35, Holds Constructive View for 2026
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The management of CHINA RES BEER (00291.HK)  +0.220 (+0.846%)    Short selling $41.23M; Ratio 85.421%   was cautiously optimistic on the 2026 outlook, Morgan Stanley's research report said. Beer sales volume and ASP both charted positive growth in 2M26.

The management targeted for a mid-single-digit growth in beer ASP and moderate growth in sales volume this year, with the GPM expected to remain flat on premiumization to offset the pressure from rising raw material costs.

Morgan Stanley also trimmed the target price for CHINA RES BEER from HKD36 to HKD35, with rating Overweight.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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