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<Research>BofAS Lowers TSINGTAO BREW's TP to HKD59.5; Results Largely in Line
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The results of TSINGTAO BREW (00168.HK) were generally in line with expectations, positioning the company as a dividend investment target with potential catalysts, BofA Securities said in its research report. While maintaining its FY26/27 EPS forecasts for TSINGTAO BREW largely unchanged, BofA Securities has cut its target price for the company from HKD63.5 to HKD59.5 but reiterated a Buy rating, citing the company's solid premium brand portfolio and stable dividend yield, which was close to 6% in 2025. BofA Securities also laid out three catalysts that could potentially drive a revaluation for TSINGTAO BREW in 2Q26, namely the recovery of the catering channel, the peak season in 2Q, and the World Cup in June. AAStocks Financial News |
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