|Bid||33.500 x 0|
|Ask||33.550 x 0|
|Day's Range||33.050 - 33.750|
|52 Week Range||18.180 - 38.000|
|PE Ratio (TTM)||77.62|
|Forward Dividend & Yield||0.26 (0.72%)|
|1y Target Est||33.27|
Let’s talk about the popular China Resources Beer (Holdings) Company Limited (SEHK:291). The company’s shares saw a decent share price growth in the teens level on the SEHK over theRead More...
The most recent earnings announcement China Resources Beer (Holdings) Company Limited’s (SEHK:291) released in December 2017 indicated that the business benefited from a sizeable tailwind, eventuating to a high double-digitRead More...
Dealmakers in Asia-Pacific have suffered their worst start to the year since 2014 and they fear the slowdown will continue as tougher regulatory scrutiny and rising trade war concerns hurt the region's outbound dealmaking. Asia Pacific's outbound deals dropped by 32 percent both in value and number of deals - a fall led by China, home to the region's most active buyers since 2015, whose companies launched nearly 20 percent fewer cross-border deals than by this time last year, according to Thomson Reuters data.
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.
China Resources Beer (Holdings) Co Ltd said on Wednesday it will look at cooperation and acquisition opportunities that can help boost its strategy in developing mid- to high-end beer products. Chief Executive Officer Hou Xiaohai made the comment regarding the company's M&A strategy at a results briefing, but declined to say whether the company is in talks to acquire Heineken NV's China business. Reuters reported earlier the owner of the Snow beer brand is in talks to acquire the Dutch beer company's China business in a deal that could be worth more than $1 billion, as it seeks new growth from premium brands.
China Resources Beer (Holdings) Co Ltd posted a 4.4 percent rise in annual pre-tax profit on Wednesday, benefiting from an increase in beer sales volume and average selling price, as well as focus on higher margin premium beers. The owner of the Snow beer brand said pre-tax profit came in at 1.82 billion yuan ($286.8 million) for 2017, below an average estimate of 1.94 billion yuan drawn from 19 analysts polled by Thomson Reuters I/B/E/S. It posted a pre-tax profit of 1.74 billion yuan in 2016.
March 21 (Reuters) - China Resources Beer Holdings Co Ltd : * FY PROFIT ATTRIBUTABLE RMB1,175 MILLION VERSUS RMB629 MILLION * FY TURNOVER RMB29.73 BILLION VERSUS RMB28.69 BILLION * RECOMMENDED FINAL ...
China Resources Beer (Holdings) Co Ltd is in talks to acquire Heineken NV’s China business in a deal that could be worth more than $1 billion (725 million pounds), as the country's largest brewer seeks new growth from premium brands, five people close to the discussions said. The negotiations come as global beer giants such as Heineken, AB InBev and Carlsberg are facing fierce competition from local rivals and each other in emerging markets, which have been touted as the growth engine for the world's biggest brewers. China is the world's largest beer market by volume.
Investors pursuing a solid, dependable stock investment can often be led to China Resources Beer (Holdings) Company Limited (SEHK:291), a large-cap worth HK$100.24B. Big corporations are much sought after byRead More...
After looking at China Resources Beer (Holdings) Company Limited’s (SEHK:291) latest earnings update (30 June 2017), I found it helpful to revisit the company’s performance in the past couple ofRead More...
China Resources Beer (Holdings) Company Limited (SEHK:291) is currently trading at a trailing P/E of 62.6x, which is higher than the industry average of 44.1x. While this makes 291 appearRead More...
Mid-caps stocks, like China Resources Beer (Holdings) Company Limited (SEHK:291) with a market capitalization of HK$73.96B, aren’t the focus of most investors who prefer to direct their investments towards eitherRead More...