China Resources Beer Likely to Face Headwinds in 2H

Dow Jones
08/20

0406 GMT - China Resources Beer's 2H sales outlook faces headwinds from continued weakness in consumer sentiment and unfavorable weather, Deutsche Bank analyst Han Zhang says in a note. The bank cuts its 2026-2028 recurring Ebitda estimates on the beer maker by more than 8% on average and lowers its medium-term growth assumption to 5% from 7%, citing weak domestic demand and a slower-than-expected baijiu recovery. Deutsche Bank lowers its target price on China Resources Beer to HK$34.60 from HK$39.00 while maintaining its buy rating. Shares are down 2.0% at HK$20.64.

 

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