On July 13, China Resources Beer rose 3.15% in regular trading, trading at HK$22.9/share with turnover of HK$145 million, leading the beer sector higher.

The rally was driven by recent research reports from China Merchants Securities and Founder Securities, both reaffirming positive ratings on the stock. China Merchants Securities maintained its Strong Recommendation rating with a target price of HK$28, noting steady full-year sales performance with both volume and price growth in the beer segment, while recent aluminum price declines are expected to ease cost pressures. Founder Securities maintained its Recommendation rating, highlighting the company's sustained beer premiumization strategy, with Heineken brand sales growing nearly 20%, beer segment gross margin improving 1.4 percentage points year-over-year to 42.5%, and adjusted EBITDA rising 17% after excluding one-time items.

The company's premiumization push continues as a core profit growth driver, with premium and above products achieving nearly 10% volume growth in the prior fiscal year.

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