Tsingtao Brewery Co., Ltd.

30.60

0.0000

Volume:81.00

Turnover:2.57K

Market Cap:8.35B

PE:13.59

High:30.60

Open:30.60

Low:30.60

Close:30.60

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Tsingtao Brewery Sales Expected to Grow on Likely Price Increases -- Market Talk

Dow Jones

·

02 Apr

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According to the brokerage's channel checks, the Chinese brewery's sales volume increased by low- to mid-single digits on year between January-February. The brokerage cited healthy channel inventory and strong demand during the Lunar New Year holiday period. The brewery's net-profit margin is also expected to widen by 0.6 percentage points in 2025, partly due to likely lower raw material prices.The brokerage raises the stock's target price to HK$61.31 from HK$59.00, with an unchanged add rating. Shares are 2.1% higher at HK$59.50. 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