0232 GMT - China Resources Beer remains the most fundamentally solid company in China's brewery segment, Nomura analysts say in a note. The drinks company's market share in beer continues to rise, they say, citing higher volume and average selling price in the segment. They reckon the introduction of localized and specialty products plus new retail channels helped push the company's sales above its peers'. The drag from the spirits business also appears to be largely priced in, they add. The analysts raise their 2025-2026 earnings estimates for the company by 9%-11% to reflect better-than-expected 1H margins. Nomura raises its target for China Resources Beer to HK$44.60 from HK$40.90 but maintains its buy rating on the stock, which is up 1.0% at HK$28.56. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

August 19, 2025 22:32 ET (02:32 GMT)

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