0605 GMT - Growth in China Resources Beer's volumes and average selling prices are likely to continue this year, say DBS Group Research analysts in a note. The Chinese beverage maker made a solid start to the year with slight volume growth and a single-digit gain in average selling prices in February. The analysts reckon China Resources Beer's strength in the subpremium segments and product innovation will continue to support its outperformance. The company is guiding for a mid-single-digit rise in average selling prices for this year, the analysts say. The beverage maker could consider raising its dividend payout ratio to 60%-70% over the medium term, they add. DBS maintains its buy rating and is reviewing its HK$38.00 target price. Shares rise 6.7% to HK$25.62. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 02:05 ET (06:05 GMT)

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