|Bid||45.550 x 0|
|Ask||45.600 x 0|
|Day's Range||45.500 - 48.350|
|52 Week Range||29.650 - 51.750|
|PE Ratio (TTM)||40.63|
|Forward Dividend & Yield||0.53 (1.12%)|
|1y Target Est||44.72|
Tsingtao Brewery, which focuses on the lower end of the market, is underperforming as Chinese consumers now prefer premium beer, says Hao Hong of BOCOM International.
June 15 (Reuters) - Tsingtao Brewery Co Ltd : * SAYS IT SIGNS STRATEGIC COOPERATION FRAMEWORK AGREEMENT WITH FOSUN INTERNATIONAL Source text in Chinese: https://bit.ly/2ymM51F Further company coverage: ...
Investors in Chinese brewing stocks may have beer goggles on. While the sector lags behind global brewers in operating margins and earnings growth, the companies trade at a premium that outstrips their peer average by several times -- thanks in part to the U.S.-China trade tension that recently sparked a wave of demand for shares of domestically focused sectors from beverage to health care. To Sanford C. Bernstein analyst Euan McLeish, those investors’ only hope is for a “moonshot” of sorts.
April 26 (Reuters) - Tsingtao Brewery Co Ltd : * SAYS Q1 NET PROFIT UP 15.16 PERCENT Y/Y Source text in Chinese: https://bit.ly/2FhFDHe Further company coverage: (Reporting by Hong Kong newsroom)
China's Tsingtao Brewery Co Ltd, the country's second largest brewer, posted a 21 percent jump in annual profit on Tuesday, short of forecasts but still the firm's fastest profit growth since 2010 as it reined it costs. The brewer said its 2017 net profit jumped to 1.26 billion yuan ($200.80 million). China is the world's largest beer market by sales, but volumes have been slipping and profit margins are razor thin amid fierce competition between local firms and beer giants AB InBev, Heineken NV and Carlsberg.
March 27 (Reuters) - Tsingtao Brewery Co Ltd : * SAYS 2017 NET PROFIT UP 21.0 PERCENT Y/Y Source text in Chinese: https://bit.ly/2GgU4MW Further company coverage: (Reporting by Hong Kong newsroom)
March 19 (Reuters) - 0168.Hk: * YASUTAKA SUGIURA HAS RESIGNED AS A NON-EXECUTIVE DIRECTOR OF COMPANY Source text for Eikon: Further company coverage:
Jan 24 (Reuters) - Tsingtao Brewery: * ENTERED NEW YANTAI BEER PRODUCT SALES AGREEMENT WITH YANTAI BEER ON 24 JAN 2018, TERM OF WHICH IS FROM 1 JANUARY 2018 TO 31 DEC 2018 Source text for Eikon: Further ...
China Resources Beer (Holdings) Co Ltd said on Monday it had "moderately" raised prices of some of its products in certain regions, becoming the latest Chinese drinks maker to confirm price increases in response to higher packaging, raw material and labour costs. The owner of China's top beer brand, Snow, said it had adopted various measures, including lean marketing and production as well as product refinement, to absorb the cost pressure. The company's shares hit a record high in Hong Kong on Friday on press reports that brewers, including China Resources and rival Tsingtao Brewery Co Ltd, raised some prices from Jan. 1 citing rising costs of materials, labour, transportation and for environmental protection.
HONG KONG, Jan 5 (Reuters) - Tsingtao Brewery Co Ltd , the maker of China's best known Tsingtao beer, said on Friday it has raised product prices by up to 5 percent, in a bid to offset pressure from higher ...
Jan 5 (Reuters) - Tsingtao Brewery Co Ltd : * SAYS IT PLANS TO RAISE PRICES ON SOME PRODUCTS DUE TO INCREASED RAW MATERIALS COSTS * SAYS PRICES WILL BE INCREASED BY AN AVERAGE OF LESS THAN 5 PERCENT Source ...
Tsingtao Brewery Co. led a jump in Chinese beer stocks, surging the most in more than a decade, after a report beermakers have increased prices by as much as 20 percent.
Fosun International Ltd.’s investment in Tsingtao Brewery Co. is the latest step in the conglomerate’s strategy of catering to China’s rising middle-class family while also satisfying the government’s ...
HONG KONG, Dec 21 (Reuters) - The Hong Kong shares of Tsingtao Brewery Co Ltd are set to open down 6 percent on Thursday after a major Japanese shareholder reached deal to sell its entire stake in China's ...
Tsingtao Brewery Co.’s shares headed for their biggest decline in almost two years after Asahi Group Holdings Ltd. agreed to sell its stake in the Chinese beermaker at a 32 percent discount.
TOKYO/HONG KONG (Reuters) - Chinese conglomerate Fosun International is taking a large chunk of Tsingtao Brewery Co after Japan's Asahi Group Holdings said on Wednesday it would sell its entire 19.9 percent stake for a total of 106 billion yen ($937 million). Asahi said in October it was considering selling its stake in Tsingtao, China's second largest brewer which was founded in 1903 by German and British merchants. Asahi is drawing back from China to focus more on Europe and other Asian markets.
TOKYO/HONG KONG, Dec 20 (Reuters) - Chinese conglomerate Fosun International is taking a large chunk of Tsingtao Brewery Co after Japan's Asahi Group Holdings said on Wednesday it would sell its entire 19.9 percent stake for a total of 106 billion yen ($937 million). Asahi said in October it was considering selling its stake in Tsingtao, China's second largest brewer which was founded in 1903 by German and British merchants.
Tsingtao is a leading brewery in China , the largest brewery market in the world Fosun acquires 243m shares for HKD27.22 per share from Asahi Group Fosun becomes 2 nd largest shareholder Tsingtao will ...
Dec 20 (Reuters) - Fosun International Ltd: * FOSUN INTERNATIONAL -FOSUN INDUSTRIAL, PEAK REINSURANCE, & OTHERS TO BUY 243.1 MILLION SHARES OF TSINGTAO BREWERY CO FOR HK$6.62 BILLION FROM ASAHI GROUP * ...
The 11 largest beer companies in the world in 2017, pretty much control the world’s beer production, as they are collectively responsible for over 63% of the global production of beer and own the 10 Best Selling Beer Brands Heading Into 2017. Even more than that, because the industry has gone through a wave of mergers and acquisitions […]
Shares in Tsingtao Brewery Co. climbed the most since May after Asahi Group Holdings Ltd. went public with its plans to put a minority stake worth $1.2 billion in the Chinese brewer on the selling block ...